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Trump’s ‘art of retreat’ may signal he’s setting Powell up to take the fall for economic turmoil  

Fortune LogoFortune17h ago

Trump’s ‘art of retreat’ may signal he’s setting Powell up to take the fall for economic turmoil   - Fortune

Quick Summary:

Trump's tactical retreat on key points like Fed chairman Powell and trade negotiations with China signal a change within the White House—potentially lining up a scapegoat if the White House's policies fall flat.

"If this means that Trump is sidelining the administration's ideologues, such as Peter Navarro, and giving more voice to pragmatists such as Scott Bessent, there may still be disengagement from China, but more slowly.

In a potentially inflationary environment courtesy of the Oval Office's tariff plan, a dramatic rate cut is looking increasingly unlikely—Deutsche Bank notes that analysts priced in a 78% chance of a rate cut in June on Monday, but by Wednesday this had fallen to 57%.


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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 10:08:21 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 793 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 159 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28187986

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 55 posts per day

Year Established: 1929

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News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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  • URL: https://apeiron.beamstart.com/news/trumps-art-of-retreat-may-17454896498147

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