Economic News

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.Powell said that the tariffs, and their impacts on the economy and inflation, are“ significantly larger than expected.” He also said that the import…

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ARLINGTON, Va.— Per the chair of the Federal Reserve:“ The economy is still in a good place.”. But as President Donald Trump’ s tariffs continue to plague more businesses and consumers, the escalating trade war between the U.S. and the rest of the world will likely raise inflation. The White House announced even more tariffs Wednesday that threw the already precarious…

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—The Trump administration’ s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday. “Our obligation is to… make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said in remarks delivered to a conference of the Society…

—Federal Reserve Chair Jerome Powell says Trump tariffs likely to raise inflation and slow US economic growth.

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