Trump Tariffs LIVE: Fed Chair Powell Warns of Inflation; Trump Calls to Fire Powell |Trade War |N18G

US Federal Reserve Chair Jerome Powell on Wednesday warned Donald Trump’s tariffs are expected to drive up prices and slow economic growth, potentially forcing the Federal Reserve to choose between curbing inflation and preserving jobs. “Tariffs are highly likely to generate at least a temporary rise in inflation,” AFP quoted Powell as telling the Economic Club of Chicago, warning that the inflationary effects “could also be more persistent.”
Meanwhile, US President Donald Trump has called for firing of Powell as the Fed Chair, while accusing him of being “too late and wrong” on interest rate decisions.

USA | Inflation | Fed Chair | Jerome Powell | Donald Trump | Tariff War | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

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