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Jerome Powell Highlights Trump’s Tariffs As Reason For Inflation Concerns

By: cryptonews|2025/05/07 23:00:08

In his FOMC speech earlier on May 7, US Federal Reserve Chair Jerome Powell pointed to President Donald Trump’s tariff policy as a major reason inflation pressures are not easing as quickly as hoped. In his latest comments, Powell signaled that the central bank’s decision to hold interest rates steady is directly tied to the uncertainty surrounding Trump’s aggressive trade actions.

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