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Tuesday, 16 July 19:40 (GMT -05:00)



Business And Politics News

Trump Wants More Control Over the Fed Since It's Too Independent


Donald Trump seems to have confirmed his authoritarian style of governing the state. If he has his way, he would probably turn himself into a king instead of a president. What are the reasons to think this way about the American president?
 
Since coming to big politics from big business, Donald Trump have been dreaming of running the whole country the way he has always run his business. However, the reality seems to have proved to be different. The U.S. political system is built the way that no one can be the king in there. Even though the president does have a lot of power, the power is not absolute. Apparently, Donald Trump wouldn't mind getting the same amount of power that Arabian monarchs or Russian President Putin have. Even though Donald Trump have been criticizing Russia, he still seems to have a lot of respect to Putin, not as a person but as a leader who succeeded to built a strict political hierarchy. 
 
Not so long ago, the Internet was shocked by another statement made by Donald Trump. This time he claimed that his power and the entire American economy had been jeopardized by the Federal Reserve. He hinted at his desire to gain more control over this rather independent financial institution. Donald Trump indded thinks that the Fed is too independent. he doesn't like that the Fed keeps on raising the interest rates while he cannot prevent this by any means.  
 
For those fo you who don't know the Federal Reserve is literally the USA's central bank since it basically does the same that other central banks all around the world do on a regular basis. Even though this is a private insituation, the U.S. government still has some control over it. In particular, the Fed's Chairman is appointed by the government. On top of that, the Fed is supervised by the U.S. Congress, which can change the Fed's duties at any time. 

 

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U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

 
Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM

Roma May Drag Moscow and Brussels Into Major Financial Crisis

International experts are trying to evaluate the situation in Italy. Some of them are convinced that the EU is not going to save the Italian populists. For those of you who don't know the details, in October, the European Commission rejected the draft budget devised by the new Italian government. This means that the draft budget needs to be improved in order to approved.
Publication date: 19 December 11:48 AM

USA Strikes Iran Again

As you probably know, a couple of weeks ago, the United States imposed a new round of sanctions on Iran. International experts say that the package includes 700 new points, including an embargo on the import of crude oil from Iran. It's interesting to note that the sanctions will touch upon some other states as well. Some temporary exception are said to have been maid for 8 partners of the USA.
Publication date: 29 November 12:04 PM

Trump Offers Putin to Compete for Multi-Polar World, Eggert Says

According to Konstantin Eggert, a Russian journalist writing for Deutsche Welle, Donald Trump is offering his Vladimir Putin to compete for a multi-polar world, but on American terms. In particular, he highlights the fact that many international experts started panicking when finding out that the USA had withdrawn from the missile control treaty with Russia. They say that this is the end of the strategic partnership between the United States ans Russia and the disruption of the nuclear arms control system created decades ago.

Publication date: 29 November 11:07 AM