Washington Today (4-4-25): Fed Chair says tariffs like to increase inflation, Dow falls 2,200 points
April 4, 2025
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49:46Now PlayingWashington Today (4-4-25): Fed Chair says tariffs like to increase inflation, Dow falls 2,200 points
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as posted by the channelFederal Reserve Chair Jerome Powell says he expects President Donald Trump’s tariffs to increase inflation and lower growth, but there is a “highly uncertain outlook”, and it is "too soon to say" what the Fed will do with interest rates.
Wall Street takes another big hit again today. Dow down 2,200 points.
Senate debates the Republican Budget Resolution, the blueprint with tax cuts, spending cuts, plus energy, border and defenses policies. Democrats are unified in their opposition. An all-night voting session on amendments expected tonight before final passage early Saturday.
We will get Congressional reaction to the overnight firing by President Donald Trump of the head of the National Security Agency and his deputy.
Secretary of State Marco Rubio is asked about the status of the Russia-Ukraine war ceasefire talks at the NATO foreign ministers meeting in Brussels.
Kamala Harris, former Vice President and Democratic presidential nominee gives her assessment of the Donald Trump Administration as a women's conference in California.
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