#PowellRemarks
New: Powell Against Tariffs - What is Happening?
🚨 Urgent: Federal Reserve Chairman Jerome Powell Issues a Warning!
🗣️ Powell says that the new tariffs proposed by former President Donald Trump could have severe consequences:
1️⃣ Rising Inflation 📈
2️⃣ Slowing Economic Growth 🐢
What does that mean?
Trump's idea of raising tariffs (or taxes on imported goods) may seem like a way to protect American companies 🇺🇸, but Powell warns that it could increase the cost of everyday goods 🛒💸 - and that is inflation.
When prices rise excessively, people spend less, businesses pull back, and the economy as a whole slows down 🧊.
The Federal Reserve's Dilemma:
Powell is already walking a tightrope 🎪 trying to reduce inflation without causing the economy to collapse. Adding tariffs could disrupt this balance ⚖️.