Fed Chair Jerome Powell Just Issued a Stark Warning to President Trump About the Impact of Tariffs
From Yahoo Finance: 2025-04-21 12:08:00
President Trump’s new tariff rates caused stock market chaos, but a rally followed his pause on most tariffs except for China. Federal Reserve Chair Powell warned of tariff impacts and potential inflation. Tariff tensions between the U.S. and China remain high, with escalating tariffs on both sides. Powell’s resistance to rate cuts led to market declines, with uncertainty looming over trade deals. Investors advised to focus on long-term stocks less tied to China. “Double Down” stock recommendations released for potential high returns. Market volatility expected until trade deals materialize.
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