đşđ¸ UPDATE: Powell Raises Concerns Over Tariffs â Hereâs Whatâs Happening
đ¨ JUST IN: Fed Chair Jerome Powell has sounded the alarm!
đŁď¸ Powell is cautioning that former President Donald Trumpâs proposed tariffs could have major impacts: 1ď¸âŁ Rising Inflation đ
2ď¸âŁ Slower Economic Growth đ˘
What does this mean?
Trumpâs plan to increase tariffsâessentially taxes on imported productsâmight be aimed at protecting U.S. businesses đşđ¸. But Powell warns it could actually drive up the cost of everyday items đđľ, leading to inflation.
When prices climb too high, consumers cut back on spending, businesses scale down, and economic activity slows đ§.
The Fedâs Balancing Act:
Powell is already trying to reduce inflation without causing a recession. New tariffs could complicate that delicate balance âď¸.
Keep an eye on:
đ How the markets react
đŹ How investors respond to Powellâs comments
đ Any inflation spike could prompt the Fed to raise interest rates again.
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