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Stagflation would be the ugliest outcome for which ever party wins government.

What is stagflation, and why are we talking about it again?

The US President’s tariff war has brought back fears of stagnation and inflation, but why is it sending gold prices through the roof?

  • Nick Newling

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Federal Reserve chair Jerome Powell speaks during an event hosted by the Economic Club of Chicago.

Jerome Powell says Trump’s tariffs are a threat to inflation and jobs

The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.

  • Stephen Bartholomeusz
Vice President J.D. Vance and President Donald Trump.

As an American, I have never been more afraid for my country’s future

The world is now seeing Donald Trump’s America for exactly what it is becoming: a rogue state led by an impulsive strongman disconnected from the rule of law.

  • Thomas L. Friedman
Opposition Leader Peter Dutton kicking a footy with kids in Darwin.
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ELECTION 2025 Week 2

We follow the politicians on the campaign trail.

Trump is making life very difficult for an old enemy

Fed chair Jerome Powell has, not for the first time, found himself between a rock and a hard place. It didn’t have to be like this.

  • Stephen Bartholomeusz
Trump’s tariffs are not having the effects he was after.

Is Trump sending America into a financial crisis? We’re about to find out

The ways markets are reacting to Trump’s tariffs paint a very threatening picture of the outlook for the US and the world.

  • Stephen Bartholomeusz
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Jerome Powell will speak at 5.30am AEDT.

Fed keeps interest rates on hold, warns of Trump ‘uncertainty’

The Fed said it still anticipates two rate cuts by the end of the year but chair Jerome Powell said uncertainty about the economy is “unusually elevated” as it waits to see the impact of Trump’s policies.

  • Howard Schneider and Ann Saphir
Things haven’t quite turned out for Wall Street as investors hoped they would when Donald Trump returned to the White House.

Trump didn’t use the ‘R-word’, but that’s what markets fear

The sell-off on Wall Street is accelerating as fears of stagflation and recession rise. It’s not helping that no one, including Donald Trump, seems to know what his tariff regime will ultimately look like.

  • Stephen Bartholomeusz
The President said the Fed chair  is sending markets lower with his rates stance.

The Trump shadow hangs over interest rates

The US Federal Reserve Board has left rates on hold as it waits to see Trump’s trade, immigration, tax and deregulation policies and their effects on the US economy.

  • Stephen Bartholomeusz
Jerome Powell will speak at 6.30am AEDT.

Fed keeps rates on hold, in no ‘hurry’ to cut rates

The Federal Reserve stayed on hold amid uncertainty over the impact of President Trump’s policies.

  • Howard Schneider and Michael S. Derby

Original URL: https://www.theage.com.au/topic/federal-reserve-1mzb