Federal Reserve Chairman Jerome Powell warned that President Donald Trump’s across-the-board tariffs could cause a spike in inflation and curb economic growth.

Powell, who was nominated by Trump to lead the central bank in 2018, made the remarks on Friday at the Society for Advancing Business Editing and Writing conference.

Eric Garcia reports on his comments.

However, before he was a spokesman for the Trump Liberation Day tariffs, Vance was critical of the very same policies, including directly rebuking Trump when he talked about similar measures during his first term, according to an analysis from CNN’s KFILE.

The Trump administration’s major argument for the tariffs has been that they will encourage firms to bring manufacturing jobs back to the U.S., claims Vance once dismissed out of hand.

Josh Marcus reports from San Francisco.

Senator Ted Cruz has admitted that if Donald Trump’s tariffs sink the U.S. economy and drive it into recession, it could cause a 2026 electoral “bloodbath” for Republicans.

Cruz said that the impact of worldwide tariffs implemented by the White House could be the “single biggest determinant” for Republicans in the 2026 midterm elections.

Friday saw the Dow drop 2,200 points, wiping out a stunning $6 trillion from the market in just two days.

Even the Bolshevik Revolution of 1917 took a little longer to shake the world. It is difficult to exaggerate the far-reaching effects of this abrupt abandonment of the post-war American policy of liberalising trade.

Today, that failed candidate is working for Fox News as a digital reporter.

You’d be forgiven for not noticing amid all the Donald Trump-induced chaos from the introduction of some of the highest tariffs in more than a century, which triggered stock market plunges not seen since the Covid lockdown. But First Buddy Elon Musk has had almost as reputation-crushingly bad a week as his boss.

More than 500 law firms have signed a court brief denouncing Donald Trump’s targeting of Perkins Coie and other firms, expressing alarm over the Republican president’s intensifying crackdown on the legal profession.

Law firms signed the brief that was filed on Friday with Washington-based U.S. District Judge Beryl Howell at the risk of drawing the ire of Trump and his administration. Among the 504 that signed were Arnold & Porter, Davis Wright Tremaine and Fenwick & West, though many of the largest firms did not join.

“Although we do not take this step lightly, our abiding commitment to preserving the integrity of the American legal system leaves us no choice but to join together,” the brief said.

The filing backed a lawsuit that Perkins Coie, a firm founded in Seattle, filed on March 11 to block Trump’s executive order issued against the firm over its diversity policies and its prior legal work for the campaign of Democrat Hillary Clinton, his opponent in the 2016 presidential election.

“The looming threat posed by the executive order at issue in this case and the others like it is not lost on anyone practicing law in this country today: any controversial representation challenging actions of the current administration (or even causes it disfavors) now brings with it the risk of devastating retaliation,” the “friend of the court” brief said.

The White House has defended Trump’s directives as lawful acts of presidential power.

Although recent events may mean that he becomes so obscenely unpopular that another term would be out of the question anyway, he’s made one Lazarus-style political comeback, and he might make another. Certainly, the fanbase thinks so…