President Donald Trump’s new tariffs are “bigger than anticipated” and the financial fallout together with greater inflation and slower development possible can be as properly, Federal Reserve Chair Jerome Powell stated on Friday in remarks that pointed to the doubtless tough set of choices forward for the central financial institution. For extra data, FRANCE 24’s Gavin Lee interviewed Mignon Houston. Additional evaluation by George Magnus and Fraser Jackson.
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Fed's Powell warns tariffs will enhance inflation and sluggish development
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