President Trump criticized Fed Chair Jerome Powell after Powell warned about the economic effects of tariffs. Trump accused Powell of being “TOO LATE AND WRONG” in his economic assessments. Powell’s Statement: At the Economic Club of Chicago, Powell indicated that tariffs might increase inflation and unemployment, creating tension for the Fed’s goals. He suggested patience in interest rate decisions until Trump’s policies became clearer. Trump’s Pressure: The president has been pushing for interest rate cuts due to concerns with tariff-related inflation.
Tags #Elections, #Government, #Politics
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