In a key statement on April 5, 2025, U.S. Federal Reserve Chairman Jerome Powell warned that President Trump’s newly announced tariffs are “highly likely” to raise inflation and slow economic growth. Powell’s comments come as global markets experience a sharp decline, with major U.S. stock indexes down 10% since the tariffs were introduced. Watch the full statement and analysis on the potential impact of these tariffs on the U.S. economy and global markets.
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