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‘Great Money Show’ panel Federal Reserve President Jerome Powell’s tariffs are discussing the warning due to inflation.
Wednesday, Federal Reserve General President Jerome Powell said that the Central Bank could face the “difficult scenario” as it is related to the president Donald Trumps Tariffs.
Powell, the US trade partners, the United States, which is “much expected” and inflation, said they are “high levels.”
“We can find ourselves in the difficult scenario in the tension of our binary makeup goals,” said Powell said in preparation for the economic club of Chicago. “If this had to happen, how far we will be economy Each goal and potentially the horizons of different times, which are expected to be closed. “
General President Jerome Powell speaks during a press conference in Washington, DC (Alex Wong / Getty Images / Getty Images)
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Before changing the interest rates of the Central Bank of the Federation, he said he would expect more information about the economy before reducing inflation to 2% of inflation.
“Timely, we were well placed to expect more clarity before taking into account any adjustments in our policy position,” Powell said. When his words are weakening, growth and potential employment, the inflation was a potentially harsh situation for the fed, which was higher by tariffs.
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Outlook has already become quite uncertain, Powell said: With “fundamental changes” in politics that do not provide enterprises and economists with any clear parallel to explore.
In speech of the recent community on the recent public, Powell, a bond and the stock exchanges are working well, and the seat values showing the shares of the new landscape, he said he felt good work.
Marriner S. Eccles Basic input of the Federal Reserve Management Board, Washington, DC (Smith collection / Gado / Getty Images / Getty Images)
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Asked if there was someoneFed“If the markets are reduced, Power Bank, Powell,” Sundums are processing.
“Powell confirms what investors are worried about what they are worried about, and says that this type of open situation is mainly,” Sam Stovall, CFRA research.
Nasdaq composite prevents losses between 3%, Tesla, Starbucks and Amazon on Wednesday.
Technology reserves are more than 2% of the S & P 500, consumer return and communication reserves.
The Dow Jones Industrial Averts, Amgen and Apple’s 699.57 points or 1.7%, Chevron and travelers were sent to selfoked. Energy reserves sent oily earnings because oil increases over $ 62 per $ 62 / barrel.
Reuters contributed to this report.
