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Today — 17 April 2025Main stream

Powell Warns Trump Tariffs Could Trigger Higher Inflation and Slower Growth

17 April 2025 at 04:17
Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank.

© Haiyun Jiang for The New York Times

Jerome H. Powell, the Federal Reserve chair. In remarks on Wednesday, he laid out how the Fed would deal with a situation in which its goals for a healthy labor market as well as low and stable inflation clashed.
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