Powell: 'The risks of higher unemployment and higher inflation appear to have risen'

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  Posted by Two Blokes May 7 - Filed in General - #TwoBlokesTrading  - 9 views
  
  Fed Chair Jerome Powell sees the Fed policy as appropriate despite the rising threat from President Donald Trump's tariffs. “The risks of higher unemployment and higher inflation appear to have risen, and we believe that the current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic development,” the central bank leader said during his post-meeting news conference.