Washington, April 11, 2025 (AFP) - Fed official says 'absolutely' ready to intervene in financial markets

NAMPA / AFP

2025-04-11

The US Federal Reserve is "absolutely" prepared to intervene to help calm nervous financial markets, a senior central bank official said Friday, after President Donald Trump's tariff plans roiled Wall Street. The US president imposed sweeping import taxes on dozens of countries on April 2, only to abruptly, temporarily roll many of them back to 10 percent in response to turbulence in the stock and bond markets, while leaving China with new tariff......

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