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. Fed Chair Jerome…
