US Domestic Unrest: Trump Targets Federal Reserve and Economic Policies
This summary highlights recent tensions in the US, focusing on President Trump's criticism of Federal Reserve Chair Jerome Powell, administrative issues hampering export approvals, and a struggling manufacturing sector. Also covered are labor market woes, political debates over energy projects, and reshuffling within the Federal Reserve.
President Donald Trump renewed his attack on Jerome Powell, urging a Federal Reserve takeover if interest rates aren't lowered, further straining their already tumultuous relationship.
In a developing trade crisis, export approvals by US companies face massive delays due to internal government disruptions, impacting trade with nations, including China.
Shockwaves in the US economy continue as manufacturing struggles, compounded by employment declines and pressures on the Federal Reserve to reconsider interest rates amid sluggish job growth.
(With inputs from agencies.)
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