Americas: blood, toil, tears and sweat

Author: John Crabb | Published: 27 Mar 2018
It’s been a hard days night for the US government

There were yet more big name departures from the White House this month. Chief economic advisor and Wall Street exponent Gary Cohn resigned from his post leaving a nervous atmosphere in the annals of DC and the capital markets. Cohn stepped down amid fierce opposition to President Trump's new stance on global trade tariffs.

Newly appointed Federal Reserve chairman Jerome Powell made his inaugural testimony to Congress, outlining his positive outlook for the US economy and his intention to raise interest rates at least four times this year. The markets responded well to his speech.

Trump also moved to block Broadcom's bid for Qualcomm, an unprecedented move by the government which usually waits for a deal to be announced...


 

 

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