Free Republic

President Donald Trump is lashing out on social media. Jerome Powell is on the receiving end of today's ire. Powell, the Federal Reserve chair who is slowly cutting back interest rates to minimize the risk of continued inflation, is caught in the President's crosshairs after a paltry jobs report. US private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 37,000 jobs last month, a far cry from analyst projections and the worst private job hiring slump since March 2023. Economists polled by Reuters had forecast private employment...

Christmas decoration suppliers should have received their first orders for trees and ornaments by now. But they haven't. Chinese producers of plastic Christmas trees and other festive decorations say orders from US clients, which are crucial for their business, have stopped amid a tariff tit-for-tat tariff announcements. President Donald Trump has raised tariffs on Chinese imports by 104 percent so far this year US retailers are almost completely reliant on China for Christmas decorations, where they source 87 percent of the holiday's goods — worth roughly $4 billion. Chinese factories are also heavily dependent on the US market, where they...