Quotes
It's just not a realistic proposal,
said Alex Durante, senior economist at the Tax Foundation, which analyzed the idea in June You can't have 21st-century government spending with a 19th-century tax system,
While the immediate worst case for markets may have passed, trade policy uncertainty remains high and, in our view, means the hurdle rate for Fed rate cuts has risen. As a result, we remove our forecasted rate cut for March and leave only one 25bp rate cut this year at the June meeting,
Even if tariffs are avoided, we think their potential keeps uncertainty about PCE inflation elevated and keeps risks to PCE inflation tilted to the upside. We now only look for one rate cut this year in June. The path for monetary policy in 2025 remains highly uncertain,
That uncertainty and upside risk have arrived more quickly than we anticipated,
If you’re raising tariff rates and reducing income tax rates, the main thing you’re doing is shifting taxation from wealthy people to hourly wage workers and their families,
The biggest trade deficit reductions we’ve had in the 21st century were during the financial crisis in 2009 and the Covid pandemic in 2020,
There seems to be this sense in the White House that trade surpluses are good and trade deficits are bad. There are cases where that may be the case. But look, we have a trade deficit because the United States is a rich country. And we are using our high income to buy goods and services from other countries."
Ernie Tedeschi, director of Economics at the Yale Budget Lab and former White House economic adviser, told NPR on Monday Germany produces trade surpluses from year to year, and Germany has seen economic stagnation,
Higher imports could reflect stronger U.S. growth—a good thing,
AMD is improving its competitiveness across CPU and GPU products with Ryzen, EPYC, and Radeon Vega platforms and is on track to improve its market share and drive meaningful revenue growth in the near term. Long term, we believe share gains are less certain,
JPMorgan's Harlan Sur said We see this episode of on-again-off-again tariffs as amplifying the views expressed by the Fed at its December meeting, when most FOMC members were concerned about greater uncertainty regarding PCE inflation and saw risks to PCE inflation as tilted to the upside,
he added, referring to the Fed's preferred inflation metric We didn’t ask for this, but we will not back down in standing up for Canadians,
a grim Prime Minister Justin Trudeau said in an address President Trump has believed, tried and true, that tariffs are the way to help make our country prosperous and wealthy,
The kind of broad-based tariffs that were announced over the weekend, one would expect to have an impact on prices,
Boston Fed President Susan Collins said in an interview with CNBC, Donald Trump is not weak, ... We saw that from the day that he had the attempted assassination on his life. He jumped up and he showed the power of strength with his fist in the air. That's exactly how he's leading as the president of the United States and he'll continue to lead with that."
the Missouri Republican said on "Wake Up America." Now we've got to be a little more careful and more prudent of how fast rates could come down because there are risks that inflation is about to start kicking back up again,
I certainly would see additional... normalization, in terms of what the policy stance is,
Collins left the door open to further rate cuts, saying ... without providing a time frame The burden will fall disproportionately on low-income households who spend more of their income on physical goods relative to higher income households,
ING chief international economist James Knightley said, noting that To the extent that were to impact things like inflation expectations then you'd have to,
Bostic told reporters after a speech
