Fed Chair Issues Stark Warning: Tariffs Could Trigger Tough Choices for the U.S. Economy
Speaking at the Economic Club of Chicago, Fed Chair Jerome Powell sounded the alarm: Tariffs may force the central bank into a no-win scenario — stuck between fighting inflation and supporting growth.
“We might find ourselves in the difficult situation where our dual-mandate goals are in conflict,” Powell said.
Key Takeaways:
Powell signaled the Fed is ready to hold or hike interest rates if inflation picks up.
If the economy slows, rate cuts could be on the table.
Tariffs = Temporary Inflation Spike? Powell says it could be more severe and long-lasting than expected.
Meanwhile, President Trump fired back on Truth Social, slamming Powell for being "too late and wrong," insisting the Fed should have already slashed rates because "the USA is getting rich on tariffs."
Trump: “It’s time for Powell to back off and leave the Fed.”
Tensions Rise. Markets Watch. Bitcoin Bulls Alert?
With inflation risks and political heat building, eyes are turning to $BTC as a potential safe haven.
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