Urgent Market Report: #Powell Powell Issues Warning on Tariff Effects

Washington, D.C. | Federal Reserve Chair Jerome Powell Makes Statement

In a critical policy update, Federal Reserve Chair Jerome Powell issued a stern warning: If the recently announced large increases in tariffs continue, the U.S. economy may face rising inflation and declining employment in the near future.

Key Statement:

> "If the recently announced large increases in tariffs continue, we are likely to see rising inflation and declining employment."

This comment came during a live press conference, where the market reacted sharply. The S&P 500 Index (SPX) dropped by 15.38 points (-0.27%), reflecting investors' immediate concerns about tightening economic conditions and uncertainty.

What This Means:

Inflation Pressure: Tariffs increase import costs, driving consumer prices up. This will increase pressure on households already struggling with rising living costs.

Employment Risks: Rising business costs could lead to a slowdown