Trump, Powell and inflation
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Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone a...
From The New York Times
President Donald Trump's expansive new tariff regime flips on its head a decades-long global trend of lower trade barriers and is likely, economists say, to raise prices for Americans by thousands of...
From U.S. News & World Report
Prices will rise. The stock market is spiraling. A recession looms.
From Wired
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Get all the news you need in your inbox each morning. Powell did not lay out similarly detailed concerns about an economy many forecasters believe will tip into recession because of Trump’s import levies.
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.
Fed Chair Jerome Powell warned on Friday that President Donald Trump’s sweeping tariffs would likely push inflation higher, dampening investors’ hopes that the central bank would cut interest rates later this year.
4hon MSN
ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
Global investors inched closer to getting some clarity on the Trump administration's tariff plans on Wednesday, but with little detail on what to expect, financial markets remained volatile. U.S. President Donald Trump has for weeks pegged April 2 as "Liberation Day",
Food and consumer business CEOs say tariffs on a wide range of countries will pressure thin margins in an economy where inflation is already elevated unlike the 2017-2018 trade war. "I am at a point with my business where I can finally put my foot on the gas but now I don't know if it's going to be feasible to keep the business going,
The reciprocal tariffs are expected to be announced by President Trump on Wednesday, which is being referred to as “Liberation Day.” The administration’s position is that revenue from tariffs will pay for tax cuts elsewhere.
The U.S. administration's tariff hikes should not derail an ongoing decline in inflation in Europe, ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that the fall boosted the case for a fresh interest rate cut.