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Powell: Tariffs Elevate Inflation Expectations; No Rush to Adjust Rates
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Federal Reserve Chairman Jerome Powell, speaking at a press conference, stated that the U.S. economy remains strong, despite heightened risks of rising unemployment and inflation, emphasizing no urgency to adjust interest rates. He added that numerous surveys indicate tariffs are elevating inflation expectations and complicating GDP measurements due to trade issues, though the repercussions of tariff policies on inflation may be brief. AAStocks Financial News |
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