Trump pressures Powell on rates, but tariff risks leave both handcuffed
Tariffs are coming April 2. Nobody knows what impact they'll have.
President Donald Trump and Federal Reserve Chairman Jerome Powell hinted on the affect that tariffs may need on the sphere's best economic system, with both shapely investors by adopting a stance that perceived to contradict their outdated views.
Speaking to newshounds in Washington following the central bank's widely anticipated decision to defend ardour rates real at 4.375%, Powell talked about the Fed's new verbalize and inflation forecasts — which reduced GDP estimates while warning of renewed price pressures — underscored the tariff-connected uncertainty the economic system faces in coming months.
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