Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair
by Callum Jones in New York from Economics | The Guardian on (#6WDCN)
While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its direction
Donald Trump's global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president's demands for an immediate interest rate cut.
While the US economy remains robust, Powell cautioned that there is high uncertainty over its direction. Downside risks have risen," he told an event in Arlington, Virginia, on Friday.
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