Quotes
The increased risks to both inflation and employment put the Fed in an even greater bind going forward,
Evercore ISI said in a note Thursday cited by TheFly
If fully implemented, these policies would likely push both the U.S. and global economy into recession this year,
she said in a note to clients, as per TheFlyFor nations that treat us badly, we will calculate the combined rate of all their tariffs, non-monetary barriers and other forms of cheating,
he saidFor investors looking at their portfolios, it could have felt like an operation performed without anesthesia,
said Brian Jacobsen, chief economist at Annex Wealth Management
The speed of recovery will depend on how, and how quickly, officials negotiate,
he saidWhat we're seeing today is a further indication that the structure and nature of the U.S. dollar’s relationship to global markets has changed,
said Thierry Wizman, global foreign exchange and rates strategist at Macquarie in New York
If (the dollar's status) would change, that would be a big change for the world economy ... and would basically create a mess,
he told Reuters afterwardsThis erratic behaviour is too risky. This is such an inflexion point for the role of the U.S.,
said Antonio Fatas, macroeconomist at INSEAD business school in FranceIt has the potential to run significantly further, partly because of the magnitude of the long only (U.S. equity and dollar) positions that have been built up over an extended period,
he said, and the likelihood of this driving a sustained cycle of self-reinforcing lossesThe three pillars of support that helped the dollar (were) U.S. exceptionalism, high interest rates, and strong portfolio flows. All three have been severely weakened and potentially reversed as a result of the deluge of tariff announcements,
said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi, the biggest European asset managerThe intensity of downside risks...continues to be quite substantial,
Torsten Slok, chief economist at Apollo Global Management, said in a presentation Friday
MY POLICIES WILL NEVER CHANGE,
Trump posted to social media FridayTo the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich, richer than ever before!" ... China played it wrong, they panicked - the one thing they cannot afford to do!"
He wrote ... A few minutes later, following the tumbling of the Dow, he said
To anyone on Wall Street this morning, I would say trust in President Trump. This is indeed a national emergency... and it's about time we have a president who actually does something about it."
She saidWell, of course, we don’t want to see tariffs on UK exports, and we’re working hard as a government in discussion with our counterparts in the US to represent the British national interest and support British jobs and British industry,
Ms Reeves said
The first is that the euro has better liquidity than sterling and will benefit more as investors leave the dollar.”
Chris Turner, head of forex strategy at ING, mentioned two drivers of the euro’s rise against sterling, sayingMr Trump's tariffs are the biggest policy shock to the world trading system since Richard Nixon blew up Bretton Woods in 1971. As with that decision, Mr Trump is acting with little understanding about the damage his tariffs will cause. The ‘disturbance’ might not be as little as he imagines.”
It statesThe second is that the looming global trade war is proving the greater leveller for rate spreads,
he said, referring to past expectations of a slower pace of rate cuts in BritainUK food standards are clear that they are not up for negotiation in any deal with other countries.”
Speaking to Nick Ferrari on Friday (4 April), Murray saidWe'll be engaging with international leaders over the weekend... The need for engagement with international leaders is clear. It is a changing, shifting global economic landscape."
The official added