Trump savages Fed Chair Jerome Powell over dire warning tariffs will turbocharge inflation: Live updates
President Donald Trump tore into Jerome Powell as the Chair of the Federal Reserve made a dire warning that tariffs will turbocharge inflation and joblessness. In a dismal forecast Powell said: 'We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.' Trump wrote on social media: 'Cut interest rates, Jerome, and stop playing politics!' It came as the odds of a U.S. recession this year skyrocketed above 60 percent, according to the prediction market Kalshi.
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