Trump, Powell
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Mr. Powell characterized the risks of that outcome, which he warned could include higher unemployment, as “elevated.”
From The New York Times
President Trump then told media aboard Air Force One: “I don't want anything to go down, but sometimes you have to take medicine to fix something.”
From Yahoo
Kevin Hassett, the head of the White House National Economic Council, said that he did not expect to “see a big effect on the consumer in the U.S.,” even as he acknowledged in an appearance on ABC’s “...
From The New York Times
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Key Takeaways Federal Reserve Chair Jerome Powell said President Donald Trump's larger-than-expected tariffs could stoke inflation and slow economic growth.The Fed is tasked with keeping inflation low and jobs plentiful,
Powell said the Fed faces a “highly uncertain outlook” because of the new reciprocal levies the president announced Wednesday
The steepest tariff rollout in a century just handed the stock market its worst day since 2020. President Trump’s trade agenda erased $3 trillion in market value Thursday as investors raced to reprice risk. The S&P 500 fell 4.8 percent and the tech-heavy Nasdaq dropped nearly 6 percent.
The acknowledgement that inflation has the potential to be more persistent differs from a stance that Powell took last month ... worries will outweigh concerns about rising prices.
Powell says economy remains stable but warns ... economic momentum is not yet enough to ease the Federal Reserve's inflation concerns, as higher tariffs threaten to complicate the path toward ...
Federal Reserve Chair Jerome Powell on Friday appeared to back away from a "base case" view that inflation from President ... worries will outweigh concerns about rising prices.
“The good ship Transitory was a crowded one,” Powell said last year in his keynote speech ... about a framework in a context where there’s now a real concern that longer-term inflation expectations could get destabilized,” Nakamura added.