Powell predicts unemployment 'likely to go up,' and stock market dips after his worrying prediction
Government
Amid a tit-for-tat trade war between the United States and China, Federal Reserve Chairman Jerome Powell made a prediction about the impact of tariffs on inflation. 00:00 CNN's Phil Mattingly reports on Jerome Powell's prediction of rising unemployment and inflation rates. 03:20 American economist Douglas Holtz-Eakin weighs in on the potential effects of the trade war on both the American consumer and business owner while the US and China go tit-for-tat on tariffs. 09:10 Chinese Tiktokers flood
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