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The Independent UK

Eric Garcia

Federal Reserve chair Powell predicts tariffs will spike inflation and slow economic growth

Donald Trump US Federal Reserve Jerome Powell Inflation Economic Growth Joe Biden Interest Rates

Federal Reserve Chairman Jerome Powell warned that President Donald Trump’s across-the-board tariffs could cause a spike in inflation and curb economic growth.

Powell, who was nominated by Trump to lead the central bank in 2018, made the remarks on Friday at the Society for Advancing Business Editing and Writing conference.

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