Tariff Hikes Likely to Result in Higher Inflation, Slower Growth – US Fed Chair

NAMPA / Sputnik
2025-04-16
WASHINGTON, April 16 (RIA Novosti) – The recently announced increase in trade tariffs is much larger than expected and likely to lead to higher inflation and slower economic growth, US Federal Reserve Chairman Jerome Powell said on Wednesday. "The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects which will include higher inflation and slower growth," Pow......
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