Trump’s trade tactics imperil the jobs of those who might vote for his second term

The only tool he has to placate US consumers is successive interest rate cuts – but the whole world is playing at that gameDonald Trump’s cunning plan to make America great again by launching a trade war with China has officially backfired. Last week, …

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US economy adds fewer jobs than expected amid global recession fears – business live

Rolling coverage of business, economics and markets as investors focus on chances of Federal Reserve interest rate cutsBP chief executive Bob Dudley to retire after a decade at helmCity regulator threatens to ban automatic insurance price risesJohn Lew…

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A watershed moment for women as Alison Rose takes charge at RBS

Appointment as CEO gives Britain a chance to take a great leap forward for women at senior levelsAlison Rose’s elevation to the top job at RBS, where she will succeed Ross McEwan as chief executive, is cause for celebration.Never before has the UK had …

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Federal Reserve cuts interest rates, and earns another blast from Trump – as it happened

The US Fed votes to cut interest rates for the second time this year, but president Trump wants more Jerome Powell gives press conferenceLatest: Trump says Fed has no gutsBreaking: Fed cuts rates by 25 basis pointsBullard wanted deeper cut; George and …

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Central banks were always political – so their ‘independence’ doesn’t mean much | Larry Elliott

The separation of monetary and fiscal policy serves the neoliberal status quo. It won’t survive the next crashIndependent central banks were once all the rage. Taking decisions over interest rates and handing them to technocrats was seen as a sensible …

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The Federal Reserve must be honest about Trump’s trade war

US central bank risks reputation with Americans if it pulls its punches with the White HouseWilliam Dudley, the immediate past president of the Federal Reserve Bank of New York, recently stirred up a hornet’s nest when he called for the Fed to consider…

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Investors show optimism on trade ahead of US jobs report – business live

Rolling coverage of business, economics and markets as markets await non-farm payrolls dataRiskier assets gain after trade war and US data give positive signal US non-farm payrolls in focus at 1:30pm BST amid Fed conundrum German industrial production…

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