Economics
Powell Testimony and French Defiance Whipsaw Trump on Economy
- Weekly take on events in the world economy and their impact
- Trump picks another fight, this time with France over taxes
Jerome Powell listens during a Senate Banking Committee hearing in Washington on July 11.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
When it comes to the economy, it’s been a mixed week for Donald Trump. While he’s likely to claim victory in his battle for lower rates after Federal Reserve Chairman Jerome Powell suggested that the central bank has room to ease, his latest campaign in the trade war was met with French defiance.
Here’s our weekly wrap of what’s going on in the world economy.