"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
"We are sitting very, very little inflation with the Federal Reserve putting a target at 2% not that long ago. ... Since money doesn't cost anything, you can print lots of money and have full employment and no inflation. … I wouldn't think you can have these things at these levels — long-term rates, interest rates, budget deficits — have that at a stable situation for a long period of time," Buffett added.
However, the billionaire investor known as the Oracle of Omaha doubts that low rates will always be the reality.
"The convergence of these factors would seem impossible to me. Generally if I feel something is impossible, it's going to change over time. I don't know in what way, but I don't think we can continue to have these variables in this relationship," Buffett said.
Despite raising the federal funds rate nine times in three years, the Federal Reserve is still keeping borrowing costs relatively low in a target between 2.25% and 2.5% and has signaled a pause in hiking interest rates this year. Stocks have risen to record highs recently in the low-rate environment.
At the Federal Open Market Committee meeting last week, Fed officials voted to hold interest rates steady, citing a lack of inflation pressure and strong economic growth.