🇺🇸 What do US officials say about the new tariffs?
Chairman of the Federal Reserve Jerome Powell warned that the new tariffs imposed by the Trump administration could lead to a significant increase in inflation and a slowdown in economic growth.
Powell noted that these tariffs are "significantly higher than expected," and their impact on the economy could be substantial. He emphasized that the Federal Reserve is closely monitoring the situation but does not plan to change interest rates immediately.
President Trump, for his part, urged Powell to lower interest rates, believing that now is the "perfect time" for it.
Markets reacted to these statements with a significant drop: the S&P 500 index fell by 4%.