...from the attached article...
-------------------
Despite the president's decision in April to temporarily pause more stringent levies from taking effect on nearly all of the country's trading partners, businesses have struggled to navigate the uncertainty . Many have shelved big investments and slowed hiring, and some are already raising prices. Surveys suggest that consumers also have turned much more downbeat about the outlook, fueling concern that the pessimism will eventually translate to less spending.
The fear is that consumers will cut ack so aggressively that businesses will be forced to lay off workers, worsening the economic slowdown. Jerome H. Powell, the chair of the central bank, has warned that in addition to denting growth, tariffs of the nature Mr. Trump is pursuing also risk stoking inflation.
-------------------
Stock Markets are responding to Fed Chair, Powell's, moves...not Trump's.
Link: https://www.nytimes.com/2025/05/02/business/fed-jobs-interest-rates.html