WASHINGTON: The US Federal Reserve is "absolutely" prepared to intervene to help calm nervous financial markets, a senior central bank official said Friday (Apr 11), after President Donald Trump's tariff plans roiled Wall Street . The US president imposed sweeping import taxes on dozens of countries on Apr 2, only to abruptly, temporarily roll many of them back to 10 per cent in response to turbulence in the stock and bond markets , while leaving China with new tariffs totaling 145 per cent.

Tag-uri: Donald Trump