Episode
Fed Shrinks Balance Sheet, Trump Tacks Trade | Irvine News
- Published
- Jul 5, 2026
- Duration seconds
- 131
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Summary
The Fed is quietly preparing to shrink its $9 trillion bond portfolio, with Chairman Warsh leading a task force to chart a path forward—any move won’t happen soon, possibly not until 2027. Meanwhile, Trump taps Keith Sonderling, a controversial legal insider with a history of contentious staffing moves, to lead Labor. On the jobs front, U.S. openings remain robust at 7.6 million, hinting at a resilient labor market despite slowing hiring and fewer quits. Trump also escalates trade tensions, threatening 100% tariffs on nations that impose digital taxes on U.S. companies—directly challenging the EU’s new trade deal with America. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/ffe45d293ab1c225