For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.

The war with Iran is doing collateral damage to the world economy.

By declaring a trade war on the rest of the world, President Donald Trump has panicked global financial markets and raised the risk of a recession.

Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials.