#PowellRemarks
US Federal Reserve President Jerome Powell said tariffs proposed by former President Donald Trump could slow economic growth and increase inflation, leading to the risk of stagflation. 
It should be noted that the Federal Reserve will proceed cautiously, waiting for more clarity on trade policy than on interest rates.
He also noted that cutting discretionary spending does not solve the US national debt problem, calling for bipartisan reforms in areas such as Medicaid, Medicare and Social Security.
