US Fed chair warns tariffs will likely raise inflation, cool growth
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WASHINGTON: US tariffs will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday (Apr 4), also warning of an "elevated" risk of higher unemployment. President Donald Trump's dramatic trade measures announced earlier this week have tightened scrutiny of Powell and how the Fed will react to free-falling financial markets and concerns that a prolonged trade war would ramp up consumer prices and joblessness rates. "It is now becoming clear that the
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