The color purple serves as a powerful symbol of the Federal Reserve’s commitment to neutrality and independence, especially in a politically polarized environment. Jerome Powell’s choice of a purple tie is a deliberate act to signify the Fed’s nonpartisanship, asserting its role as an economic, not political, entity. The Fed, under Powell, emphasizes decisions driven […]
Major U.S. stock indexes plummeted due to trade tensions between the U.S. and China, initiated by Trump’s tariff policies. The Dow Jones, S&P 500, and Nasdaq faced significant declines, with the Nasdaq entering a bear market. Major U.S. companies reliant on China, like Apple and Tesla, experienced substantial losses. Crude oil prices hit a four-year […]