Market tariff fallout continues as Powell says Fed still in wait and see mode
Mădălin Mihai
WASHINGTON; US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday (Apr 5). "It is now becoming clear that the tariff increases will be significantly larger than expected," Powell told an event in Virginia. "The same is likely to be true of the economic effects, which will include higher inflation and slower growth," he said, adding that it was "too soon" to consider making changes
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