Fed Chair Jerome Powell Just Issued a Stark Warning to President Trump About the Impact of Tariffs

In just a few weeks, a lot has happened. President Donald Trump issued sweeping new tariff rates that caught most investors off guard, sending stocks plunging at one of the fastest rates in history. A similarly historic rally ensued when Trump announced a 90-day pause on most of the tariffs except for those on China.Since then, the market has gone back and forth as investors have done their best to understand what will happen with trade negotiations and how tariffs could affect the economy once all is said and done.Federal Reserve Chair Jerome Powell recently had a chance to weigh in on the matter during a speech he made at the Economic Club of Chicago on April 16. In not so many words, Powell seemed to issue a stark warning to President Trump about the potential impact of tariffs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool