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Larry Summers Slams Scott Bessent For Publicly Prescribing Monetary Policy, Says 175 Bps Cut Unwarranted Unless Recession Strikes

Last week, Bessent said in a Bloomberg interview that the Fed should cut interest rates by 1.50-1.75 percentage points from ...

Trump tariffs live updates: Retail earnings to put tariffs' impact in focus; Trump says semiconductor tariffs coming soon

During Walmart's first-quarter earnings call, CEO Doug McMillon said the tariffs would result in higher prices, but didn't ...