Ed Krassenstein: Jerome Powell warns tariffs may stoke inflation, hurt growth
@EdKrassen: Powell warns on tariffs
In a recent statement, Federal Reserve Chairman Jerome Powell issued a caution regarding President Donald Trump's trade policies.
Powell noted that if the ''large increase in tariffs'' recently announced is maintained, it could lead to a rise in inflation, slower economic growth, and higher unemployment rates. His remarks highlight the potential economic consequences of sustained trade barriers implemented by the Trump administration. Powell's observations reflect growing concerns among economists about the ripple effects of protectionist policies on the U.S. economy.
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In the previous news, tweet author Ed Krassenstein discussed recent developments in trade policies.
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