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Tariffs Will Increase Inflation, Jerome Powell Warns—As Trump Pressures Fed To Cut Rates

Upworthy Saturday, 5 April 2025 ()
Topline Sweeping tariffs rolled out by the Trump administration this week are expected to raise inflation and slow economic growth, according to Federal Reserve Chairman Jerome Powell, who indicated Friday that the Fed is likely to keep its benchmark interest rate unchanged. Key Facts Powell…
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Video Credit: Oneindia - Published
News video: Trump Vows Tariffs ‘Will Never Change’ as Global Backlash Grows, Markets Crash, and Allies Retaliate

Trump Vows Tariffs ‘Will Never Change’ as Global Backlash Grows, Markets Crash, and Allies Retaliate 03:03

 US President Donald Trump has pledged unwavering commitment to his aggressive tariff strategy, calling it a chance to “get rich.” Despite a massive stock market crash and mounting global backlash, Trump insisted tariffs are essential to protect American jobs. China, Canada, and the EU have...

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