While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its direction
US politics live – latest updates
Donald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president’s demands for an immediate interest rate cut.
While the US economy remains robust, Powell cautioned that there is high uncertainty over its direction. “Downside risks have risen,” he told an event in Arlington, Virginia, on Friday.
About Author
More Stories
Toxic truth? The cookware craze redefining ‘ceramic’ and ‘nontoxic’
Trump tariffs could wipe out European steel sector, senior industry figure says
‘They went too far’: Musk says he regrets some of his posts about Trump