Inflation may rise, growth may dip, US Fed chair Jerome Powell cautions on Trump's tariffs
Fed Chair Powell warns new Trump tariffs will raise inflation and slow growth, emphasizing the need to keep price increases temporary. Despite Wall Street's rate cut expectations, the Fed prioritizes inflation control amid market uncertainty. Powell acknowledges rising consumer and business pessimism as key challenges.
Fed Chair Powell warns new Trump tariffs will raise inflation and slow growth, emphasizing the need to keep price increases temporary. Despite Wall Street's rate cut expectations, the Fed prioritizes inflation control amid market uncertainty. Powell acknowledges rising consumer and business pessimism as key challenges.
