Fed Chair Jerome Powell warns that President Trump's new tariffs could lead to soaring inflation and a slowdown in economic growth. As Wall Street reacts, experts predict significant impacts on jobs and consumer spending.
The Trump administration's recent tariffs on over 180 countries are anticipated to raise inflation and decelerate economic growth, as warned by Federal Reserve Chairman Jerome Powell. With significant tariffs imposed, including a staggering 54% on Chinese exports, recession fears loom larger than ever.
