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
KFC plans to invest £1.5bn in UK and Ireland, creating thousands of jobs
Leading tax expert calls out ‘confected outrage’ of wealthy Australians over Labor’s $3m super plan
Shein turns to Hong Kong for flotation as London attempt stalls, reports say