Taylor Tompkins

1 day ago | investopedia.com | Taylor Tompkins

Despite his criticism over the past few days, President Donald Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell. Speaking to reporters on Tuesday, Trump said he hoped Powell would cut interest rates soon but never planned to fire the central banker. "I would like to see him be a little more active in terms of his idea to lower interest rates," Trump said. "It's a perfect time to lower interest rates. If he doesn't, is it the end? No, it's not.

3 days ago | investopedia.com | Taylor Tompkins

President Donald Trump reiterated his call for Federal Reserve rate cuts Monday, extending attacks on the central bank's chair that he renewed last week. In a post on Truth Social, Trump said that "preemptive cuts" were necessary to keep the economy from slowing down. Federal Reserve officials have said they plan to "wait and see" what the effects of Trump's trade policies will be before cutting their influential federal funds rate again.

2 weeks ago | investopedia.com | Taylor Tompkins

While President Donald Trump gave most countries a 90-day reprieve from the most extreme tariffs, a base 10% tariff is still far higher than the previous U.S. trade strategy. On Wednesday afternoon, President Donald Trump said he would pause "reciprocal" tariffs that varied by country based on their trade deficit with the U.S. In their place, Trump instated a 10% universal tariff on most countries, including Mexico and Canada. Trump also increased tariffs on Chinese goods, levying a 125% tax.

2 weeks ago | investopedia.com | Taylor Tompkins

Just hours after implementing tariffs of varying levels on trade partners worldwide, President Donald Trump said he would pause the 'reciprocal' import taxes for 90 days. In a post on Truth Social, Trump said the pause would be effective immediately and the base tariff of 10% will still be enforced. He said he felt the pause was needed because more than 75 countries had contacted his administration to make trade deals.

2 weeks ago | investopedia.com | Taylor Tompkins |David Marino-Nachison

Several big health-insurance stocks jumped in extended trading Monday after the federal government said it would pay Medicare insurers more next year than previously expected. The Centers for Medicare & Medicaid Services said payments will increase by 5.06% on average, more than the 2.83% the government said it anticipated in January.