Ireland ‘risks mother of all recessions’ if Trump wins battle to lower interest rates, says economistAn economist has warned Ireland "risks the mother of all recessions" if Donald Trump wins his battle to lower interest rates. The US pres­id­ent has been engaged in a battle to sharply reduce interest rates with the chair of the US cent­ral bank, Jerome Pow­ell. Speaking in the Sunday Independent, Dr Alan Ahearne said if Trump was successful, he out­come would be worse than any­thing exper­i­enced in the last eco­nomic down­turn. "Stock mar­kets would fall, credit mar­kets would tighten up, just like in 2008. “If you get a panic in the US bond mar­ket, it will for cer­tain cause a deep reces­sion in the US and a deep reces­sion all over the world.

Source: Irish Independent January 18, 2026 23:30 UTC