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International Business Times
International Business Times
World

US Fed Chair Warns Tariffs Will Likely Raise Inflation, Cool Growth

Jerome Powell Donald Trump United States Inflation US Federal Reserve Unemployment
Federal Reserve Chair Jerome Powell said it was 'too soon' to consider changing US monetary policy (Credit: AFP)

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday.

"It is now becoming clear that the tariff increases will be significantly larger than expected," Powell told an event in Virginia.

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