President Trump, Tariffs, and the Federal Reserve There's been no notable market reaction to President Trump's declaration that the minimum tariff rate will now be 20%, up from 10%. Furthermore, pointing to the challenges of bilateral negotiations with so many countries, the President indicated a tariff range of 20-50%. Meanwhile, the President is scheduled to visit the now-famous $2.5 billion building renovation project at the Federal Reserve. This visit comes as Gallup reports public confidence in Fed Chair Jerome Powell at just 37% – only one percentage point above his inflation-impacted low of 2023, and which followed the second-largest fall in job approval among key officials in 2022-23. #economy #markets #federalreserve @Gallup