Trump's War on Credit Cards: US Banks Push Back | Vantage with Palki Sharma | N18G

Donald Trump is testing America’s financial system—from credit cards to central banking. He’s called for a one-year cap on credit card interest rates, sparking pushback from the country’s biggest banks. Wall Street is alarmed, with $70 billion in credit bonds at risk. Trump is also clashing with the Federal Reserve, targeting its chair Jerome Powell and pushing for lower rates. A criminal probe against Powell has sent shockwaves through the markets. The U.S. dollar has stumbled, and investor confidence is waning. With equity markets worth over $60 trillion, critics warn Trump’s economic experiments could trigger global consequences.
Firstpost | World News | News Live | Vantage | Palki Sharma | News #firstpost #vantageonfirstpost #palkisharma #worldnews Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens. The show is anchored by Palki Sharma, Managing Editor, Firstpost. By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas. Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. https://www.youtube.com/@Firstpost Follow Firstpost on Instagram: https://www.instagram.com/firstpost/ Follow Firstpost on Facebook: https://www.facebook.com/firstpostin/ Follow Firstpost on Twitter: https://twitter.com/firstpost Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V