Affordability Crisis and Inflation
Despite Trump's campaign promises to rapidly lower prices, inflation has remained elevated throughout his second term — driven by tariffs, oil price shocks from the Iran war, and structural pressures. Energy bills, gas prices, and grocery costs have risen, consumer confidence hit record lows, and polls show majorities blame Trump for the cost-of-living crisis. Trump has repeatedly made misleading affordability claims while facing internal Republican warnings about the political cost heading into midterms.
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US inflation unexpectedly rose to 3% in January, contradicting Trump's campaign promise to rapidly lower prices. The increase was driven by higher food prices and makes Federal Reserve interest rate cuts less likely.
The Federal Reserve cut its U.S. economic growth outlook amid concerns about Trump tariffs and raised its inflation forecast to 2.7% for the year. Fed Chair Jerome Powell said uncertainty is 'remarkably high.'
Federal Reserve Chair Jerome Powell warned that Trump's tariffs will likely result in higher inflation and slower economic growth, while the International Monetary Fund cautioned of a 'significant risk' to the global economy from the trade measures. Multiple economic experts warned of potential recession risks.
Trump claimed grocery and gas prices are falling, but economic experts characterized the claims as misleading regarding the actual state of inflation and consumer prices.
The U.S. inflation rate slowed to 2.3% in April according to Bureau of Labor Statistics figures, amid ongoing Trump tariff policies. Meanwhile, the Trump administration announced a reduction of tariffs on small Chinese parcels from 120% to 54%, marking a de-escalation in the trade war.
US inflation rose to 2.4% in May, up from 2.3% in April, as Trump's tariff policies continue to put upward pressure on prices. The increase comes as the administration pushes ahead with controversial trade measures.
A poll found that 62% of women and 47% of men across the political spectrum believe the economy and inflation are getting worse under Trump, revealing significant gender differences in economic anxiety. Women expressed more concern about economic conditions than their male counterparts.
Federal Reserve Chair Jerome Powell defended the Fed's decision to hold interest rates steady despite Trump's criticism of the central bank, citing a need to wait and see the impact of tariffs on US inflation.
Federal Reserve Chair Jerome Powell attributed the central bank's decision not to cut interest rates to the inflationary impact of Trump's tariffs, stating that the administration's trade policies need further assessment before borrowing costs can be reduced.
Analysis found that Trump's tax bill would raise energy costs for people in Republican-leaning states, with household energy bills in some red states potentially rising by more than $600 annually, contradicting Trump's promise to lower energy costs.
US inflation rose in June as Trump's tariffs begin to appear in consumer prices, with the inflation rate reaching 2.7%. New data showing price increases could foreshadow higher costs if the president imposes steep tariffs on August 1st.
A poll found that six out of ten Americans blame Trump for the high cost of living, and eight out of ten express concern about the impact of tariffs on prices and the economy.
Growing signs indicate that Trump's tariffs are filtering through to consumer prices as companies exhaust options for keeping prices stable. This marks an acceleration in the visible impact of trade policy on everyday Americans.
The Trump administration's policies are fueling stagflation—a combination of slowing economic growth and rising inflation—according to economic analysis. Tariff policies, including a potential 50 percent tariff on imported aluminum, are raising costs for U.S. businesses and consumers, such as AriZona Beverages' iconic 99-cent iced tea product.
U.S. inflation remained at 2.7% in July, with core inflation accelerating at a faster pace than June. Analysts attributed the increase partly to the impact of Trump's tariffs on consumer costs.
Treasury Secretary Scott Bessent called for a half-point interest rate cut at the next Federal Reserve meeting following steady US inflation. The call for rate cuts sent global stocks rallying, with the dollar slipping and the pound hitting a three-week high.
Trump's tariffs and green energy rollbacks have pushed household electricity bills up 10 percent. The US energy secretary noted that energy prices could hurt Republicans in midterms but blamed Democrats for increases.
U.S. inflation rose to 2.9% over the past year in August, with increases attributed partly to firms passing on Trump tariff costs to consumers. Wall Street remained optimistic that the Federal Reserve would cut interest rates.
Economists are warning that the U.S. economy is edging closer to stagflation—a combination of stagnant growth and price inflation—attributing the risk to Trump administration policies and economic uncertainty.
A new poll found that 75% of Americans report soaring prices, contradicting Trump's claims that inflation is "over." Economic pessimism cuts across political lines, with inflation and a worsening job market cited as top concerns even among the president's MAGA base.
US consumer prices rose at a 3% annual rate in September, slightly beating forecasts, with gasoline prices increasing 4.1%. This comes despite Trump's campaign pledge to end inflation.
U.S. electricity bills increased by 11% during Trump's second term, according to new data analysis. Senator Elizabeth Warren sent a letter to Trump stating his administration has no answers for families facing high energy costs.
U.S. consumer sentiment dropped to near record lows as the government shutdown persists, with economic concerns affecting Americans across different ages, incomes, and political affiliations.
Trump's approval rating on government management has fallen amid concerns about economic performance and rising costs. Multiple Trump voters cited unhappiness with his economic policies and their impact on affordability.
The Trump administration is preparing tariff exemptions on food imports as a bid to lower food prices and address affordability concerns. Separately, Switzerland is conducting a 'charm offensive' to reduce Trump tariffs, while potential tariffs on Italian pasta imports could reach 107% and threaten supply chain stability.
The New York Times fact-checked Trump's recent affordability claims, finding that he made misleading statements about the cost of Thanksgiving meals, breakfast, gasoline, and general price levels.
President Trump cited Walmart's Thanksgiving grocery promotions as evidence he lowered the cost of living, but economists note that holiday food prices are volatile and the reality of grocery costs presents a mixed picture.
Gas prices facing American consumers are up 4% on average, contradicting Trump's campaign promise to cut energy costs within his first year in office.
In a Pennsylvania speech on affordability, President Trump vacillated between making false economic claims and launching attacks on immigrants and Democratic figures including Ilhan Omar and Jasmine Crockett. Fact-checkers identified multiple false statements in the address.
U.S. prices continued to rise despite Trump's claims that they are falling rapidly. Data collection was limited to the second half of November due to the longest federal government shutdown.
According to new polling, 65% of registered US voters believe global heating is affecting the cost of living, linking the climate crisis to rising bills despite Trump's characterization of climate concerns as a 'green scam.'
A review of the 2025 US economy under Trump's first year back in office showed rising prices, a hiring slowdown, and rollercoaster growth patterns, according to government economic reports.
A poll found that nearly half of Americans believe their financial security is worsening, with increasing numbers blaming the White House for their financial difficulties.
The Trump administration froze all childcare payments to states, claiming to find 'rampant fraud' in the industry. The administration subsequently froze Minnesota specifically, while Trump attacked Governor Tim Walz and Representative Ilhan Omar with critical comments.
Trump administration froze federal childcare funding to all states citing fraud concerns, with Minnesota families among those affected. The move threatens to disrupt childcare programs and has raised alarm among parents and childcare providers.
The Trump administration halted more than $10 billion in federal funding for childcare and family assistance programs in California, Colorado, Illinois, Minnesota, and New York. Democrats condemned the freeze as 'vindictive' and 'cruel,' claiming it targeted states that opposed Trump.
Trump announced plans to ban large investors from purchasing single-family homes to address housing affordability. The announcement comes as median home sale prices reached $410,800 last year, despite Trump's campaign promises on housing affordability.
US inflation held steady at 2.7% year-over-year in December, unchanged from November, amid Trump's ongoing criticism of the Federal Reserve Chair Jerome Powell over interest rate policy and concerns about cost of living.
A year after promising to cut energy bills in half, Trump's administration has failed to deliver, with electricity bills up 6.7% and gas bills up 5.2% over the past year, according to Guardian analysis. Rising costs are pushing many American households to the brink.
A CBS News poll found that Americans increasingly want Trump to focus more on controlling inflation after one year in office. The poll reflects public concern about economic priorities and rising prices.
Advocates warned that Trump administration policies, including recent cuts to federal housing programs, are 'counterintuitive and dangerous' and will increase homelessness. The cuts to flagship federal programs funding housing and services have been described as 'chaotic and disruptive.'
The White House is pushing to freeze childcare funding, though childcare workers have pushed back on the Trump administration's narrative that the programs are riddled with fraud, saying families face 'impossible choices' as a result.
According to reports, Trump responded to Senator Ted Cruz's warning about a potential Republican 'bloodbath' in midterm elections if inflation continues with an angry outburst, allegedly telling Cruz 'fuck you, Ted' during a discussion about rising prices.
Trump announced plans to hold a rally in Iowa to focus on affordability and economic messaging amid fallout from the Minneapolis shooting. The visit aims to position Iowa as key to midterm election strategy, though many residents report feeling the negative impacts of tariffs on agriculture.
The U.S. dollar sank to its lowest level in four years against a basket of currencies after Trump brushed off concerns over the decline. Bank of America and JPMorgan Chase announced they will contribute $1,000 to Trump Accounts for their employees as tax season begins.
US inflation falls to 2.4% in January following Trump's tariff announcements, though economists remain uncertain about the Federal Reserve's next interest rate decision.
Trump claimed the affordability crisis is over in recent remarks, but polls and economists disagreed, indicating that tariffs and structural pressures continue to strain US households.
The Middle East crisis pushed oil prices higher and could drive inflation rises, with experts warning that an extended conflict could lead to higher interest rates and reduced economic growth. Shipping disruptions in the Strait of Hormuz and attacks on refineries threaten global supplies.
Rising oil prices from the Middle East conflict triggered increases in fuel costs and raised concerns about energy bills. UK motor fuel prices rose since the conflict began, and analysts warned energy bills could jump 10% in July, with stock markets initially rallying on reports of secret Iranian outreach for peace negotiations.
The Iran war pushed oil prices above $90 per barrel, with Brent crude experiencing its highest weekly gain since the beginning of the Covid pandemic. Reports of Kuwait cutting output contributed to the price surge, threatening global inflation.
Global oil prices surged above $100 a barrel for the first time since 2022 due to the Iran war, though Trump claimed the conflict is 'very complete' and prices later settled around $85 a barrel. US stock markets closed on a high following Trump's comments, though California gas prices rose above $5 per gallon.
US inflation remained flat at 2.4% in February before the effects of the Iran war impacted prices. Trump dismissed concerns about oil price shocks from the conflict, saying only 'fools' would think such shocks would be significant.
Trump waived federal shipping laws for oil and gas imports in an attempt to lower energy prices amid the Iran war. Trump also renewed demands for Federal Reserve interest rate cuts as oil prices soar, threatening wider inflation concerns.
Oil and gas prices jumped after Iran and Israel attacked gasfields, with state-run QatarEnergy reporting that an Iranian attack wiped out 17% of its LNG capacity for up to five years. The US spent $11.3 billion on bombs in the first six days of the joint attack on Iran.
Gas prices surged amid the Iran war to their highest levels in nearly three years, driving increased online searches for electric and hybrid vehicles as consumers seek alternatives to fuel-dependent cars.
U.S. average fuel prices surpassed $4 per gallon for the first time in four years amid the Iran conflict, while global oil prices jumped to $118 per barrel after Trump's comments, with drivers in the UK facing fuel costs exceeding £100 per tank.
Experts warn that U.S. consumer prices are likely to continue rising amid the ongoing Iran conflict, with increases in gas prices, air travel, and other goods expected as global volatility persists.
Oil prices plunge 15% to below $100 per barrel following the ceasefire announcement, marking the largest daily fall since the pandemic. Stock markets surge, gas prices slide 20%, and government bond yields fall sharply as rate hike expectations recede.
US inflation rose to 3.3% year-over-year in March amid ongoing economic uncertainty from both Trump's tariff policies and the Iran war. Meanwhile, the Trump administration returned to court for another tariff lawsuit after the Supreme Court struck down previous tariff measures.
Oil prices surged above $100 per barrel following the collapse of U.S.-Iran peace talks and Trump's blockade threat, with markets concerned about energy shocks and rising borrowing costs. The World Bank and IMF expressed concerns about the Iran war driving up inflation and testing voters' patience globally.
Trump downplayed rising fuel prices at an economic event in Las Vegas, describing them as "fake inflation" caused by energy prices, despite widespread financial hardship following his war with Iran.
President Trump told supporters in Phoenix that oil and gas prices are coming down, as the administration has extended a sanctions waiver allowing countries to buy Russian oil in an effort to manage energy market volatility amid the Iran war.
Trump's energy secretary Chris Wright stated that gas prices may not drop below $3 per gallon until 2027, as the average price surges to $4 per gallon in the United States. Wright expressed uncertainty about a timeline for lower prices.
The seizure of the Iranian ship caused significant market turmoil, with European stock markets falling and oil and gas prices rising sharply as investors worried about potential closure of the Strait of Hormuz. UK gas prices surged and the FTSE 100 declined amid concerns about extended disruption to energy supplies.
Trump's disapproval rating has hit its highest level of his second term, with weakening poll numbers attributed to rising gas prices from the Iran war and growing American concerns about the economy.
Oil prices surged to approach $120 per barrel for the first time since 2022 as Trump maintained a blockade on Iran, with US gas prices hitting $4.23, the highest level since 2022.
Average gas prices in California exceeded $6 per gallon, reaching the highest level in four years, with analysts attributing the increase to the U.S. war on Iran, noting Americans have paid $21.7 billion more since the conflict began.
The U.S. dollar has weakened approximately 10% against a basket of major currencies since early 2025, resulting in Americans getting less when traveling abroad and potentially paying more for imported goods including food.
The U.S. added 115,000 jobs in April despite economic uncertainty from the Iran war, while unemployment remained steady. U.S. consumer confidence hit a record low as Americans expressed concern about rising prices.
President Trump announced plans to suspend the federal gas tax to help Americans cope with fuel prices that have risen over a dollar per gallon since late February due to the Iran war. Congress would need to approve the suspension.
U.S. consumer prices rose 3.8% in April 2026 year-over-year, the highest jump since 2023, driven primarily by elevated energy costs related to the ongoing Iran war. The Labor Department reported this represents a sharp increase in inflation affecting American households.
Trump said during remarks on Iran war negotiations that he is not thinking about Americans' financial situation "even a little bit," drawing criticism as inflation spiked to 3.8%. The president's comments appeared to dismiss economic concerns as a factor in his approach to the conflict.
Producer prices rose 6% from a year earlier—the highest rate since December 2022—as the 10-week Iran war pushed up energy costs and pressured companies to raise prices for consumers. Consumer food prices also rose 2.9% year-over-year in April.
The Senate confirmed Kevin Warsh as Federal Reserve chair, replacing Jerome Powell, with Warsh set to serve a four-year term amid rising inflation and Trump's pressure to lower interest rates. Top Democrat Elizabeth Warren condemned the confirmation as making Warsh a 'sock puppet' for Trump.
Kevin Warsh was sworn in as Federal Reserve chair amid growing concerns over cost of living and disapproval of Trump's economic agenda. Trump's approval rating on the economy faces backlash as national economic approval ratings decline.
U.S. inflation rose at its fastest pace in three years during April, with the PCE inflation rate hitting a three-year high as the Iran war contributed to rising prices. Americans are growing frustrated with Trump's handling of the economy ahead of the midterms.
Tomato prices have increased 40% over the past year, the largest increase among Consumer Price Index-tracked products, attributed to crop yield issues and Trump administration policies including tariffs and the Iran war's impact on agricultural inputs.
Oil prices fell to their steepest monthly decline since 2020, dropping 19% since the end of April amid hopes of a U.S.-Iran peace deal, causing global stock markets to rally.
Oil prices rose to $97 per barrel as the Iran conflict intensified, and bond markets reflected growing concerns about inflation and the government's ability to manage debt amid the Middle East crisis. Interest rates climbed as investors grew more cautious about lending to the U.S. government.
Trump voters in key Midwestern states are expressing concerns about rising gas prices linked to the Iran conflict and tariff-related inflation, with five months until midterm elections. Some voters who supported Trump are facing manufacturing job losses due to offshoring and tariff impacts.
US employment added 172,000 jobs in May, with unemployment at 4.3%, showing labor market resilience amid rising inflation and economic uncertainty from the Iran war.
Trump claimed U.S. fuel prices were 'not very high' despite gas prices surging to approximately $4.16 per gallon amid the ongoing Iran war. Energy costs have been a significant concern for American consumers.
U.S. inflation hit 4.2 percent in May, marking its highest level in three years, driven largely by rising gas prices amid the ongoing conflict with Iran. Trump responded to the inflation report by telling reporters he "loves the inflation."
Trump downplayed rising inflation at 4.2%, saying he loves inflation when questioned, providing what political observers noted could become ready-made Democratic campaign advertisements for the midterms. Oil executives also warned the White House that gas prices will worsen.
The Federal Reserve left interest rates unchanged in Kevin Warsh's first meeting as chairman, while signaling that several top officials now anticipate raising rates later in the year amid renewed inflation concerns.
US gas prices dipped below $4 per gallon for the first time since March following the signing of the Iran deal, which eased oil supply concerns that had pushed prices higher during the conflict. The decline came after weeks of elevated prices due to Iran's disruptions to Strait of Hormuz traffic.
The U.S. Senate overwhelmingly passed a bipartisan housing affordability bill aimed at boosting housing supply and preventing investors from buying up homes. The bill, called the 21st Century Road to Housing Act, now heads to the House for consideration.
The Federal Reserve's preferred inflation gauge rose to a three-year high in May, with the increase largely driven by higher gas prices. The surge poses political problems for President Trump as midterm elections approach.
Oil prices spiked over 5% following Trump's declaration that the US-Iran ceasefire was "over," with Brent crude rising to $80 per barrel and beyond, reflecting market concerns about renewed hostilities disrupting energy supplies from the Middle East. Stock markets fell globally amid the volatility and concerns about potential interest rate increases.
Oil prices surged approximately 9% to roughly $83 per barrel following Trump's announcement of the Hormuz blockade and 20% toll on cargo. Brent crude jumped 5% as markets reacted to the potential disruption of global shipping through the critical waterway.
US inflation eased to 3.5% in June, the largest monthly decline since April 2020, as energy prices fell from the brief Iran ceasefire. However, renewed US-Iran conflict threatens to reverse gains as oil prices spike.
US diesel prices hit $5 per gallon, up 33% since the Iran war began, driven by disruptions in the Strait of Hormuz and reduced refinery capacity. Diesel topped $5 for the second time this year, with regular gas near $4, contributing to cost-of-living pressures.
Trump resumed military strikes on Iran despite hailing a ceasefire just weeks earlier, a move experts warn could prolong the war and damage Republicans ahead of midterm elections. The decision marks a significant escalation after diplomatic efforts appeared to succeed.
Oil prices jumped above $90 per barrel on Sunday in response to the escalating U.S.-Iran conflict. The resurgence in crude prices reverses recent declines and threatens Republican prospects heading into midterm elections, as higher gas prices could undermine the party's inflation narrative.
The US launched its 10th round of airstrikes against Iran on July 20, with Trump stating the strikes were in 'honour' of American soldiers killed. The escalation followed Iranian attacks in Syria and Jordan, and two ships exploded in the Strait of Hormuz. Pentagon data revealed nearly 100 U.S. military casualties from Iranian attacks since July 7, with three service members killed in a 24-hour period over the weekend.
US average gas prices climbed back above $4 per gallon on July 20 as the Iran war escalated, marking the second time in recent weeks that prices hit this level. Tanker attacks in the Strait of Hormuz and ongoing US-Iran military strikes disrupted oil markets, with Brent crude briefly touching $90 per barrel.
Oil prices rose above $95 per barrel as the Middle East conflict escalated, driven by US-Iran aggression in the Strait of Hormuz and Houthi threats in the Bab el-Mandeb. The price surge threatens to reignite inflation concerns and disrupt global supply chains.
Trade chief Jamieson Greer defended Trump's tariff policies before Congress, denying that tariffs have pushed up prices despite Democratic lawmakers' concerns about cost-of-living impacts. The administration doubled down on tariffs even as the Supreme Court had previously struck down emergency tariff authority.
Trump announced tariffs of 10-12.5% on more than 80 countries (some sources cite 60), citing forced labour violations as the justification. The new tariffs replace a 10% stopgap tariff that expired after a Supreme Court setback, targeting countries over claims they failed to adequately prevent forced labour.
Oil prices climbed above $100 per barrel for the first time since May, driven by escalating Middle East tensions including US attacks on Iran and Houthi strikes on Saudi tankers in the Red Sea. The surge reflects fears of disruptions to global crude supplies.
Oil prices surged above $100 per barrel amid escalating U.S.-Iran military conflict, with the U.S. carrying out its 13th consecutive night of strikes. Gasoline prices jumped to $4.11 per gallon, driving cost-of-living concerns that polls show are severely damaging Republican midterm prospects.
Trump announced double-digit tariffs on imports from 60 trading partners citing forced labor violations, continuing his tariff agenda as concerns mount that the trade war could intensify cost-of-living pressures ahead of midterm elections.
More than 1 million children lost access to food benefits (SNAP) after the Trump administration's legislative bill took effect, with analysis showing over 4 million Americans lost food assistance between July 2025 and March 2026 as families struggle with elevated grocery prices.
House Democratic Leader Hakeem Jeffries unveiled a "Fighting for an Affordable America" agenda for the midterms, blaming President Trump for rising costs and targeting the affordability crisis as a central campaign issue.
President Trump defended his tariff policies during a Michigan rally, claiming his economic measures are revitalizing the auto industry and forcing overseas companies to relocate to the US, amid reports of low approval ratings in the state hit hardest by trade policies.
The Federal Reserve held interest rates steady at 3.5%-3.75% for the fifth consecutive time, but three Fed officials dissented in favor of raising rates. The decision came amid elevated inflation driven partly by the Iran war's impact on oil prices.
US economic growth slowed to 1.5% in the second quarter, down from 2.1% in Q1, as tariffs and oil price spikes from the Iran war created supply-side headwinds. The Federal Reserve held interest rates steady at its meeting, though Fed chair pledged to maintain efforts against inflation.
Trump is seriously considering launching attacks on Iranian energy infrastructure within days, according to U.S. officials, though he has not yet given final orders. The renewed military pressure comes as Iran struck tankers under U.S. escort in the Strait of Hormuz and the conflict continues to drive oil prices upward, now reaching $4 per gallon in the U.S.
Oil prices plummeted following Trump's announcement of a pause in Iran military strikes, as markets responded to the reduced likelihood of immediate escalation in the conflict.
Trump attacked major oil companies Chevron and Exxon, demanding they reduce fuel prices for consumers and claiming their profits stem from his administration's policies. He said the companies were making 'too much money,' even as U.S. gasoline prices remained elevated and straining household budgets.
President Trump lashed out at oil companies including ExxonMobil and Chevron for 'making too much money' from the Iran war, demanding they reduce fuel prices. Despite his public criticism, energy markets responded with minimal reaction.
The U.S. economy unexpectedly lost 23,000 jobs in July, with prior month estimates revised downward, signaling weakness in the labor market despite unemployment holding at 4.1%. The report challenges Trump administration claims of a strong economy.
Trump told Axios that the administration is 'low-keying it' with Iran, signaling a shift away from immediate military escalation toward allowing economic pressure to mount as the Strait of Hormuz stalemate continues to drive up oil prices above $120 per barrel.
Vice President JD Vance stated that keeping gas prices low is the U.S. 'goal No. 1' in the Iran war, while Washington threatened an indefinite naval blockade and signaled intensified economic pressure on Tehran.
Trump's approval rating fell to 33%, the lowest of his presidency, according to a Reuters/Ipsos poll released August 17. The decline is driven by concerns over the US war with Iran, elevated energy prices, and general dissatisfaction with the administration's priorities as midterms approach.
The US national debt surpassed $40 trillion for the first time, accelerated by spending on the Iran war, tax cuts, and tariff refunds. Economists attribute the rapid accumulation to Trump's policies and the Biden administration's spending.
Trump announced sweeping new economic sanctions against Iran described as 'the most crushing' and 'economic D-Day,' threatening 'tremendous economic consequences' for any country doing business with Tehran. Treasury Secretary Bessent stated the U.S. would impose 'the toughest sanctions in history' and urged China and other trading partners to cooperate, though Trump has not specified which actions he would take.
The U.S. national debt hit $40 trillion, with analysts warning the massive borrowing has raised interest rates and financial stability concerns. Walmart reported its slowest U.S. sales growth since 2020 due to high gas prices and consumer pullback, despite the company receiving nearly $3 billion in tariff refunds.
Trump announced a 90-day waiver on tariffs for out-of-quota ground beef imports without specifying the deal's details, as beef prices hit record highs and US cattle ranchers and Republicans object to the move.
Trump announced new 50% tariffs on Canadian autos, trucks, and steel starting January 1, 2027, escalating the US-Canada trade war. Canadian PM Mark Carney vowed dollar-for-dollar retaliation and accused Trump of wanting to 'destroy' Canada's auto industry, suspending trade talks.
Montana cattle ranchers expressed frustration with Trump's decision to import 300,000 metric tons of foreign beef, seeing it as contradicting his protectionist trade policies.
Federal Reserve Chair Kevin Warsh gave his first major speech at Jackson Hole, warning that inflation remains elevated and the Fed has 'work to do' if prices don't ease, raising expectations that interest rate hikes may be coming despite not spelling out a clear path forward.
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