Powell Warns of Tariff Risks as U.S. Economy Faces Uncertainties

Federal Reserve Chairman Jerome Powell delivered a sobering message, expressing concerns about the potential economic fallout from renewed trade tensions. He warned that new tariffs could trigger inflationary pressures, slowing economic growth and exacerbating already existing challenges like sluggish expansion and rising prices. This delicate balancing act between supporting jobs and curbing inflation has become increasingly complex in the face of these uncertainties.