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Trump Tariffs Larger Than Expected, Likely Inflationary: Powell

Posted

April 17, 2025

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Federal Reserve Chair Jerome Powell says President Donald Trump's tariffs were "larger than we expected, even in our upside case." He says now keeping inflation under control is one of their top priorities. He speaks at the Economic Club of Chicago.

As they seek greater certainty about how President Donald Trump’s economic policies — especially on trade — will affect the US economy, Powell and other Fed policymakers have expressed support for holding rates steady.

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Trump Tariffs Larger Than Expected, Likely Inflationary: Powell · Bloomberg News · Sentinel