The Federal Reserve has pursued the unprecedented monetary policy of lowering rates to zero and increasing their portfolio from 500 billion to over 4 trillion. But as the Fed reminds us, there is a cost.
Amid implicit acknowledgement of turmoil in The White House, Trump's Defense Secretary Jim Mattis reassured the world that the US military was "not in disarray", but was "holding the line" as government "sorts out the way ahead."
The Trump admin abruptly terminated a senior National Security Council aide on Friday days after criticizing President Donald Trump and senior White House officials, including son-in-law Jared Kushner and daughter Ivanka Trump at a private event hosted by a Washington think tank.
“I heard nothing in the speech” that was positive, Konstantin Kosachyov, who heads the Russian parliament’s foreign affairs committee, said of Pence quoted by Bloomberg. “The new American leaders have started to reproduce the negatives that accumulated under the previous administration.”
When historians look back on this period of the last forty years and diagnose what went wrong, they might do worse than to conclude that at the root of it was a general failure of character, from the top down.
The Trump administration is considering changing the way the U.S. trade deficit is calculated, a shift that would make America's trade gap appear even greater than it has been in recent years, potentially making future trade skirmishes and wars with America's export-heavy trade partners far more likely.
Kraft Heinz has withdrawn its $143 billion offer for Unilever just two days after the bid became public and was promptly rejected by the Anglo-Dutch target. The proposed deal would have been the largest-ever takeover in the food or beverage industry, and would have created a company with combined sales second only to Swiss giant Nestle.
"The media is willing to run with unnamed sources, apparently false, leaked documents to create stories. I think that the media should stop with this unnamed source stuff, put names on a piece of paper and print it. If people aren't willing to put their name next to a quote, then the quote shouldn't be listed" Trump's Chief of Staff told CBS' Face the Nation in the latest heated exchange between the Trump administration and the "enemy press."
Two months after an unexpected, landslide loss in the December 4 constitutional referendum which cost him his job as Italy's prime minister, on Sunday Matteo Renzi quit as leader of Italy’s ruling party, in the process triggering a re-election fight against minority dissidents that threatens the stability of the center-left government.
Threatening to destabilize the tentative improvement in Sino-US relations achieved in recent days following Trump's recent concession over the "One China" policy, was the US deployment of the aircraft carrier USS Carl Vinson (CVN-70) to the disputed waters of the South China Sea on Saturday as part of maritime "routine operations"
"This change that the president put in place, signed off by the way by James Clapper on December 15, 2016, signed off by Loretta Lynch the Attorney General January 3, 2017, they decide that now 16 agencies can get the raw data and what that does is almost creates a shadow government."
Confirming that few things have changed with the shift in administrations, Reuters reports that the Federal Bureau of Investigation is pursuing at least three separate probes relating to alleged "Russian hacking" of the U.S. presidential elections.
"We are approaching the point of maximum optimism and S&P 500 will give back recent gains as investors embrace the reality that tax reform is likely to provide a smaller, later tailwind to corporate earnings than originally expected."