Trump, not yet in office, already a figure in global economic policy

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Trump, not yet in office, already a figure in global economic policy - Business Standard

Quick Summary:

While ECB President Christine Lagarde was vague about further rate cuts, she went out of her way to emphasize downside risks to growth, including from prospective trade tensions with the United States under Trump.

Ahead of the Fed decision, rates had already been lowered last week by the European Central Bank and Bank of Canada, with both expected to deliver some additional easing in 2025 amid weakening outlooks.

Although Trump may have been just at the periphery of officials' thinking at the Fed, he was a central focus in Ottawa when Canadian Finance Minister Chrystia Freeland quit after clashing with Prime Minister Justin Trudeau on how to handle possible U.S.tariffs under the next U.S.administration.