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Powell Warns Trump's Tariffs Could Ignite Inflation Crisis

4/17/2025

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Powell Warns Tariffs

Federal Reserve Chair Jerome Powell sounded the alarm on President Trump's bold tariffs, warning they could spark higher inflation and stifle economic growth, creating turmoil in the markets. His comments sent US stocks tumbling, with the Dow plummeting 700 points. Economists now foresee a troubling rise in unemployment and inflation as the tariffs take their toll.

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Amazon Faces Tariff Pressure

Amazon's stock is feeling the heat as worries about President Trump's tariffs prompt Wall Street to adjust price targets downward. Analysts point to sluggish retail sales and looming tariff costs that could dent earnings. Yet, a remarkable 93% still endorse Amazon as a buy, underscoring its strength amid economic turbulence.

History

Historical Context

President Trump's tariffs echo the Smoot-Hawley Tariff Act of 1930, which aimed to protect U.S. industries but led to retaliatory measures and worsened the Great Depression. Current economic fears reflect this historical pattern, as tariffs threaten inflation and market stability, prompting warnings from experts like Jerome Powell.

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Powell Warns Tariffs

Federal Reserve Chair Jerome Powell sounded the alarm on President Trump's bold tariffs, warning they could spark higher inflation and stifle economic growth, creating turmoil in the markets. His comments sent US stocks tumbling, with the Dow plummeting 700 points. Economists now foresee a troubling rise in unemployment and inflation as the tariffs take their toll.

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