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Powell Warns Trump's Tariffs Could Ignite Lasting Inflation

4/9/2025

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Summary

Story summary

Federal Reserve Chair Jerome Powell sounded the alarm on President Trump's new tariffs, which could spark lasting inflation and hinder economic growth. As global markets tremble, the Fed remains vigilant, focusing on financial stability in these turbulent times. Economists are increasingly concerned, predicting a potential recession from the tariffs' far-reaching effects.

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Story summary

Federal Reserve Chair Jerome Powell sounded the alarm on President Trump's new tariffs, which could spark lasting inflation and hinder economic growth. As global markets tremble, the Fed remains vigilant, focusing on financial stability in these turbulent times. Economists are increasingly concerned, predicting a potential recession from the tariffs' far-reaching effects.