Maria Aspin

without perhaps provoking the White House to take action against him or the Fed.

without perhaps provoking the White House to take action against him or the Fed.

Powell was pretty mild in his comments overall, and that's kind of his job. As you know, some of the market sell-off we saw last week started when President Trump said he couldn't rule out a recession amid a lot of warnings about the economic damage his tariffs could do. And the argument Trump is making is that tariffs will be good for the U.S.

Powell was pretty mild in his comments overall, and that's kind of his job. As you know, some of the market sell-off we saw last week started when President Trump said he couldn't rule out a recession amid a lot of warnings about the economic damage his tariffs could do. And the argument Trump is making is that tariffs will be good for the U.S.

Powell was pretty mild in his comments overall, and that's kind of his job. As you know, some of the market sell-off we saw last week started when President Trump said he couldn't rule out a recession amid a lot of warnings about the economic damage his tariffs could do. And the argument Trump is making is that tariffs will be good for the U.S.

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

long term, and that will be worth any shorter-term pain. But most people don't really want to experience any pain, even if it does turn out to be shorter term. So when Powell emphasized yesterday that the U.S. economy is strong and prices aren't soaring up too much yet, at least for the day, that was a pretty reassuring message.

Thank you.

Thank you.

Thank you.

President Trump has long courted Wall Street's approval. During his first term, he regularly boasted about the stock market's performance, and he ran for the second presidency by promising investors many business-friendly policies. But now, Trump appears to be prioritizing the leverage power of tariffs above all else, including the stock market and the pain that a trade war would cause the U.S.

President Trump has long courted Wall Street's approval. During his first term, he regularly boasted about the stock market's performance, and he ran for the second presidency by promising investors many business-friendly policies. But now, Trump appears to be prioritizing the leverage power of tariffs above all else, including the stock market and the pain that a trade war would cause the U.S.

economy. He spooked investors over the weekend by declining to rule out a recession this year. The White House shrugged off the stock market's reaction, saying that the country is in, quote, a period of economic transition. Maria Aspin, NPR News, New York.

economy. He spooked investors over the weekend by declining to rule out a recession this year. The White House shrugged off the stock market's reaction, saying that the country is in, quote, a period of economic transition. Maria Aspin, NPR News, New York.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

Well, President Trump has done and said a lot of different things about tariffs in the past week, and investors have been feeling the whiplash. Just to recap, Steve, Trump's new 25% taxes on imports from Canada and Mexico went into effect last week. Then he started giving out reprieves, first to automakers, then to Mexico, then to Canada. Yeah.

But the fact that Trump actually let the tariffs go into effect was a big deal and showed they might be more than just a negotiating tactic. And he's continuing to talk about them happening long term, despite all the warnings about how much they could hurt the U.S. economy. This all really hit home on Sunday.

But the fact that Trump actually let the tariffs go into effect was a big deal and showed they might be more than just a negotiating tactic. And he's continuing to talk about them happening long term, despite all the warnings about how much they could hurt the U.S. economy. This all really hit home on Sunday.