Apr 20, 2018

04/20/2018: All eyes on the New York Fed’s new president

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(Markets Edition) When it comes to the market, traders look at three influential figures: the chair of the Fed, its vice chair, and the president of the New York Fed. We'll talk to Chris Low, chief economist at FTN Financial,…

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Whirlpool feels the benefit, and burden, of Trump administration tariffs

Apr 20, 2018
Critics of President Donald Trump’s steel and aluminum tariffs say the policies hurt U.S. manufacturers that use a lot of those materials. And one industry likely to feel the pinch of higher production costs: home appliance manufacturers. Still, at least…
Whirlpool appliances are offered for sale alongside other brands at a Home Depot store on October 24, 2017 in Chicago, Illinois.
Scott Olson/Getty Images

(Markets Edition) When it comes to the market, traders look at three influential figures: the chair of the Fed, its vice chair, and the president of the New York Fed. We’ll talk to Chris Low, chief economist at FTN Financial, about why some were “disturbed” by what John Williams, the next NY Fed president, recently had to say at a press conference in Madrid. Afterwards, we’ll look at one major domestic appliance company that could come out ahead amid all this tariff talk. Whirlpool may have an advantage thanks to a protective tariff on foreign washing machines. 

The team

Stephen Ryan Producer, BBC