Trump Tariffs Panned by Bernanke, Yellen at Supreme Court

BloombergFriday, October 24, 2025 at 6:42:11 PM
Trump Tariffs Panned by Bernanke, Yellen at Supreme Court
A group of prominent economists, including former Federal Reserve Chairs Ben Bernanke and Janet Yellen, has criticized President Donald Trump's tariffs, urging the US Supreme Court to overturn them. They argue that these tariffs are founded on misunderstandings of the global economy, which could have significant implications for trade and economic relations. This matter is crucial as it highlights the ongoing debate over trade policies and their impact on the economy.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Inflation isn’t as high as many economists expected earlier this year, but that’s not much comfort for Americans still flabbergasted at the prices of necessities like food, housing and insurance
NegativeFinancial Markets
Despite inflation not reaching the alarming levels many economists predicted earlier this year, it offers little solace to Americans grappling with soaring prices for essential items like food, housing, and insurance. This situation highlights the ongoing financial strain faced by households, making it a critical issue that affects everyday life.
Ontario to Pause Anti-Tariff Ad Campaign After Trump’s Ire
NeutralFinancial Markets
The Ontario government has decided to halt its anti-tariff advertisement campaign that drew the ire of President Donald Trump, but not before it airs during the World Series broadcasts. The ad, which included clips of former President Ronald Reagan criticizing tariffs, will no longer be shown after this weekend's games. Premier Doug Ford announced the decision on social media, emphasizing that the goal was to spark a conversation about tariffs. This move highlights the delicate balance governments must maintain in international relations, especially when it comes to trade policies.
Attorney Kessler Seeks Supreme Court Review Of Baseball’s Antitrust Exemption
NeutralFinancial Markets
Attorney Kessler is pushing for the Supreme Court to review baseball's longstanding antitrust exemption, which has been criticized as unrealistic and inconsistent. This matters because a review could challenge the exemption's validity, potentially reshaping the landscape of professional sports and its regulations.
Ontario to Pause Anti-Tariff Ad Campaign After Trump’s Ire
NeutralFinancial Markets
The Ontario government has decided to pause its anti-tariff advertisement campaign that upset President Donald Trump, but not before it airs during the US broadcasts of the World Series. This decision highlights the delicate balance between provincial interests and international relations, especially in the context of trade disputes.
Binance’s CZ Prepares for Second Act as Trump Wipes Slate Clean
PositiveFinancial Markets
Changpeng Zhao, co-founder of Binance, is looking to make a fresh start after receiving a pardon from President Trump. His thank-you message mid-flight indicates his renewed ambitions for the crypto exchange, which is significant as it highlights a potential shift in leadership and strategy for one of the largest players in the cryptocurrency market.
Canada Is Ready to Restart Trade Talks With US, Carney Says
NeutralFinancial Markets
Canada is ready to restart trade talks with the United States, according to Prime Minister Mark Carney. He stated that discussions could resume whenever the Americans are prepared, following a recent halt initiated by President Donald Trump. This pause came after an ad from Ontario featured former President Ronald Reagan criticizing tariffs. Carney emphasized that Canada cannot dictate U.S. trade policy, highlighting the complexities of international negotiations. This situation is significant as it reflects ongoing tensions and the importance of trade relations between the two countries.
Trump rekindles speculation of a meeting with Kim Jong Un—but North Korea now holds the cards
NeutralFinancial Markets
Recently, North Korean leader Kim Jong Un expressed that he has 'good personal memories' of former President Donald Trump, sparking renewed speculation about a potential meeting between the two. This is significant as it highlights the complex relationship between the U.S. and North Korea, with Kim now seemingly in a position of power regarding any future discussions. The dynamics of international diplomacy could shift depending on how both leaders choose to engage moving forward.
Annual inflation heated up slightly in September, but not as much as economists expected, giving the Fed a clear path for widely expected rate cuts heading into their remaining meetings this year
PositiveFinancial Markets
In September, inflation rose slightly, but not as much as economists had anticipated, which provides the Federal Reserve with a clearer path for the expected rate cuts in their upcoming meetings this year. This is significant as it suggests a more favorable economic environment, potentially easing financial pressures for consumers and businesses alike.
Latest from Financial Markets
Key rating agency slashes France’s credit outlook
NegativeFinancial Markets
Moody's has downgraded France's credit outlook to 'negative', highlighting concerns over political fragmentation in the country. This change is significant as it reflects the growing uncertainty in France's economic stability, which could impact investor confidence and borrowing costs. Such a rating can influence how the country is perceived in global markets, making it crucial for policymakers to address these political challenges.
Investing.com’s stocks of the week
NeutralFinancial Markets
Investing.com has released its latest picks for stocks to watch this week, highlighting key trends and potential opportunities in the market. This information is crucial for investors looking to make informed decisions, as it provides insights into which stocks may perform well based on current market conditions.
Can China’s strategic oil reserve and Russian oil tighten energy markets?
NeutralFinancial Markets
The recent discussions around China's strategic oil reserve and Russian oil exports are raising questions about their potential impact on global energy markets. As countries navigate fluctuating oil prices and supply chain challenges, understanding how these two factors interact could be crucial for energy security and economic stability. This situation is particularly important for nations reliant on oil imports, as shifts in supply could lead to significant price changes.
8 of the best smallholdings for sale now
PositiveFinancial Markets
If you're dreaming of a rural lifestyle, now is a great time to explore some of the best smallholdings for sale. From a charming medieval farmhouse in Taunton, Somerset, to a picturesque former farmhouse with an orchard in the Welsh Marches, these properties offer unique opportunities for those looking to embrace country living. Investing in a smallholding not only provides a serene environment but also the chance to cultivate your own food and enjoy a sustainable lifestyle.
Chrysler to recall over 291,000 vehicles in US, NHTSA says
NegativeFinancial Markets
Chrysler is set to recall over 291,000 vehicles in the U.S. due to safety concerns identified by the National Highway Traffic Safety Administration (NHTSA). This recall highlights the ongoing challenges automakers face in ensuring vehicle safety and maintaining consumer trust. It's crucial for affected owners to stay informed about the recall process to ensure their vehicles are safe to drive.
The Surprising Idea That Generative AI Might Be Better Off Using Visual Images Of Text Rather Than Pure Text As Tokens
PositiveFinancial Markets
A new perspective on generative AI suggests that using images of text as tokens could enhance AI performance. This innovative approach challenges traditional methods of converting text into numerical tokens, potentially leading to more effective AI models. As the field of AI continues to evolve, exploring such creative ideas is crucial for advancing technology and improving user experiences.