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Powell warns Trump tariffs, risks are 'significantly larger than expected'

Jerome Powell addressed economic uncertainty at a Virginia conference on April 4, 2025.
New tariffs announced by President Trump caused increased uncertainty for the Federal Reserve.
Powell noted the Fed faces challenges from potentially higher inflation and slower economic growth.
Powell stated the Fed will wait for clarity, saying, "It is too soon to say what will be the appropriate path."
The Fed aims to keep inflation expectations anchored while monitoring the effects of trade policies.

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Global News

Lean Left

Trump tariff impacts ‘significantly larger than expected’: U.S. Fed chair - National

U.S. Federal Reserve Chair Jerome Powell warned that Donald Trump's tariffs will likely lead to higher inflation and slower economic growth.

12 hours ago·Toronto, Canada

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Hindustan Times

Lean Left

US stock market wipes out over $5 trillion on Donald Trump’s tariff war; ‘More pain is coming’

Donald Trump administration’s tariffs “could have a persistent impact on inflation," warned Federal Reserve Chairman Jerome Powell.

15 hours ago·New Delhi, India

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Benzinga

Center

Trump Tariffs Erode $5 Trillion In Market Cap In 2 Days As China Retaliates, Jerome Powell Warns Of Inflation - NVIDIA (NASDAQ:NVDA)

The U.S. markets saw severe downturn as tensions between U.S. & China escalated due to new tariffs by Trump.

1 day ago·New York, United States

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Al Jazeera

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RocketNews

Lean Left

US stock markets continue slump as China hits back on Trump tariffs

Top indices see worst two-day stretch since COVID pandemic, as Fed chair warns of increased inflation and unemployment.

1 day ago·Qatar

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The New York Sun

Right

Jay Powell's Purple Tie and the Myth of Fed Independence

The press is having a chuckle over the hue of Chairman Powell’s cravat, the color of kings and emperors.

1 day ago·New York, United States

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Jerusalem Post

Center

Fed's Powell says larger-than-expected tariffs likely to boost inflation

Powell spoke as equity markets from Tokyo to London to New York continued a swoon that has wiped some 10% off major US stock indexes since Trump announced a raft of new tariffs.

1 day ago·Jerusalem, Israel

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