Jerome Powell says larger-than-expected tariffs could worsen inflation, hamper growth, cause unemployment as Fed holds rates


Federal Reserve Chairman Jerome Powell has implied that US President Donald Trump’s “reciprocal” tariffs are “substantially larger than anticipated” and likely to generate a rise in inflation, hamper economic growth and cause more unemployment, with the US central bank holding key interest rates unchanged in the 4.25-4.5 per cent range as widely expected.

Jerome Powell says larger-than-expected tariffs could worsen inflation,

Fed Chair Jerome Powell warned of worsening inflation, slowing growth and rising unemployment due to higher-than-expected tariffs.



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Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

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