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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Matthew C. Klein

Matthew C. Klein

Founder and Publisher, The Overshoot

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Türkiye time: How Trump’s Fed pressure could backfire

What might happen, should Trump succeed in suborning the central bank? There are some unpleasant precedents.
Federal Reserve Chair Jerome Powell.
Graeme Jennings/Pool via Reuters/File Photo

Analysis: The US is not an ‘emerging market’ — yet

Trump’s actions threaten to make America a place where investors are less confident that their assets are safe, and quicker to run for the exits at the first sign of trouble.
US Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank’s 2025 annual Spring Meetings in Washington.
Elizabeth Frantz/Reuters