In an op-ed that drew a storm of criticism, the former president of the Federal Reserve Bank of New York hinted that the central bank could let the president’s trade war hurt his re-election chances. Source: NYT > Business – Jeanna Smialek
Asian Stocks Drop as the U.S.-China Trade War Worsens
A weekend of threats between Washington and Beijing offered little sign that the economic conflict roiling markets will come to an end anytime soon. Source: NYT > Business – Alexandra Stevenson
One Crazy Day Showed How Political Chaos Threatens the World Economy
An escalating trade war and unpredictable policy shifts. Also, tweets. Source: NYT > Business – Neil Irwin
As Trump Calls for Cuts, Powell Stresses Limits of Fed Policy
Fed Chair Jerome H. Powell says the central bank will do what it can to sustain the expansion Source: NYT > Business – Jeanna Smialek
Stocks Dip After China Announces Retaliatory Tariffs on U.S. Goods
Wall Street stocks and major European indexes fell after Beijing said it would answer President Trump’s next round of tariffs on Chinese goods by increasing tariffs on American imports. Source: NYT > Business – The New York Times
Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys
Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future. Source: NYT > Business – Jeanna Smialek