Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
Voilà—today's statement from the Federal Open Market Committee. The Fed will use "all available tools." Yawn... But there was one dissenter, Jeffrey M. Lacker, "who preferred to expand the monetary base at this time by purchasing U.S. Treasury securities rather than through targeted credit programs."