The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.

The longstanding tensions between President-elect Donald Trump and Federal Reserve Chair Jay Powell are expected to take center stage again in 2025, with economic policies and institutional dynamics setting the stage for potential clashes.

Kenneth Rogoff worries about the incoming US administration’s plans to weaken the central bank’s independence.

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A little jawboning won’t hurt, but firing Powell or designating a ‘shadow chairman’ would.

In simple terms, a tariff is a sales tax on items imported from foreign countries. Trump plans to implement a 25% tariff on all goods imported from Canada and Mexico, as well as an additional 10% tariff on anything imported from China, The Guardian reported.

Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.

Gold prices rose on Thursday, buoyed by volatility in equities and fresh positioning while the U.S. Federal Reserve's interest rate outlook remained in focus ahead of trade tariffs proposed by President-elect Donald Trump.

Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.

Bitcoin's price could rise from $150,000 to $400,000 by 2025, with a potential 400% increase from its current price of $94,981, according to Blockware

U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform.

Since Trump has been pitched a 'capital markets renaissance fueled' by bitcoin to 'unlock trillions in wealth', Musk warned that 'de facto' bankruptcy will happen in the US without a 'fix'. Musk on X wrote, "We either fix this or go de facto bankrupt."