In a bold op-ed, hedge fund billionaire Ken Griffin criticizes President Trump’s attacks on the Federal Reserve, warning that undermining its independence could lead to higher inflation and long-term economic consequences. Could this strategy backfire and hurt senior voters in upcoming midterms?
In a fiery press briefing, White House Press Secretary Karoline Leavitt condemned Amazon's plan to reveal the direct costs of Trump's tariffs on products, calling it a political act. She questioned why similar transparency wasn't applied during Biden's inflation crisis, igniting a debate on corporate responsibility and political bias.
US stock markets experienced a significant drop fueled by rising inflation fears and concerns over Trump's tariffs. Consumer sentiment decline and economic data weakness add to the market volatility.
