Powell Speaks, Stocks Sink: Fed Chair Worried About Trump Tariff Fallout
- Powell warns tariffs may boost inflation and slow growth amid rising market uncertainty.
- U.S. stock indexes fell sharply after Fed’s caution and Nvidia’s China-related charge.
- Retail sales spike as consumers rush purchases ahead of anticipated tariff-driven price hikes.
Federal Reserve Chair Jerome Powell cautioned Wednesday about growing economic uncertainty tied to President Donald Trump’s tariff policies, warning they have hit major U.S. stock indices.
Speaking at the Economic Club of Chicago – in an interview with Raghuram Rajan (University of Chicago Booth professor and former Reserve Bank of India Governor) – Powell stated the announced trade measures were larger than expected and will likely result in higher inflation and weaker growth.
— Roundtable Network (@RTB_io) April 16, 2025
Fed Chair #Powell warns #tariffs could fuel persistent #inflation & slow growth.
Says policy outlook remains uncertain. “We’re well-positioned to wait for clarity.” pic.twitter.com/RF5lK5B2ps
Markets reacted immediately following Powell’s statement near the end of the trading session. The Dow Jones Industrial Average dropped 690 points, 1.7%. The S&P 50…
The post Powell Speaks, Stocks Sink: Fed Chair Worried About Trump Tariff Fallout appeared first on Coin Edition.
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Powell Speaks, Stocks Sink: Fed Chair Worried About Trump Tariff Fallout
- Powell warns tariffs may boost inflation and slow growth amid rising market uncertainty.
- U.S. stock indexes fell sharply after Fed’s caution and Nvidia’s China-related charge.
- Retail sales spike as consumers rush purchases ahead of anticipated tariff-driven price hikes.
Federal Reserve Chair Jerome Powell cautioned Wednesday about growing economic uncertainty tied to President Donald Trump’s tariff policies, warning they have hit major U.S. stock indices.
Speaking at the Economic Club of Chicago – in an interview with Raghuram Rajan (University of Chicago Booth professor and former Reserve Bank of India Governor) – Powell stated the announced trade measures were larger than expected and will likely result in higher inflation and weaker growth.
— Roundtable Network (@RTB_io) April 16, 2025
Says policy outlook remains uncertain. “We’re well-positioned to wait for clarity.” pic.twitter.com/RF5lK5B2ps
Markets reacted immediately following Powell’s statement near the end of the trading session. The Dow Jones Industrial Average dropped 690 points, 1.7%. The S&P 50…
The post Powell Speaks, Stocks Sink: Fed Chair Worried About Trump Tariff Fallout appeared first on Coin Edition.
Read More
SEC’s Regulatory Policy Shift: 12 Crypto Cases Dropped This Year