Jerome Powell (R) delivering his remarks after US President Donald J. Trump (L) nominated Powell as Chair of the Board of Governors of the Federal Reserve System, in the Rose Garden of the White House in Washington, DC on 2 November 2017. Photo: EPA-EFE
William Pesek
Opinion

Opinion

Eye on Asia by William Pesek

Which is scarier: US Fed raising interest rates, or Donald Trump ratcheting up his trade war?

  • With the Dow giving up its 2018 gains, the stock market is fizzling as proof that Trump’s policies are winners
  • Tame inflation in the US supports the Fed’s current rate policies, which continue the pattern set by the previous Fed chairman

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Jerome Powell (R) delivering his remarks after US President Donald J. Trump (L) nominated Powell as Chair of the Board of Governors of the Federal Reserve System, in the Rose Garden of the White House in Washington, DC on 2 November 2017. Photo: EPA-EFE
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