How Trump’s Pressure on the Fed Could Undermine Confidence in Its Next Chair

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• 00:03

  Consumer sentiment continues to fall in the U.S.,

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  with Americans serving up a bleak outlook on the economy.

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  Plus,

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  how could President Trump's pressure on Jerome Powell make the next Fed chair's job even harder?

• 00:15

  The more that you bash the Fed, the more you create a shadow of suspicion.

• 00:19

  The market's going to wonder now, is the Fed changing interest rates because...

• 00:24

  They just think this is the right thing to do,

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  or are they doing it because the new Fed chair has some side deal with the president?

• 00:31

  And a Milwaukee judge is arrested and charged in federal court

• 00:34

  for obstructing immigration enforcement.

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  It's Friday, April 25th.

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  I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola.

• 00:42

  This is the PM edition of What's News,

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  the top headlines and business stories that moved the world today.

• 00:54

  Consumer sentiment continues to sour among Americans.

• 00:58

  According to the University of Michigan's closely watched measure,

• 01:01

  U.S. households ended April feeling much worse about the economy than they did in March.

• 01:06

  Its final index out today of consumer sentiment for April was 52.2, down from 57 the prior month.

• 01:13

  Respondents said they expect prices to surge 6.5 percent over the next year,

• 01:18

  up from expectations in March for a 5 percent increase.

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