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Federal Reserve chair Jerome Powell speaks during an event hosted by the Economic Club of Chicago.
president Donald Trump’s tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank’s chair said Wednesday.US financial markets fell following Jerome Powell’s remarks, with all three major Wall Street indices ending the day in the red as investors dumped tech stocks.
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