Fed Chair Powell Sounds Alarm on US Economy: Higher Prices and Slower Growth Ahead
2025-04-04
The Wall Street Journal
The US economy is bracing for a period of higher prices and weaker growth, according to Federal Reserve Chair Jerome Powell. In a recent statement, Powell cited the impact of tariffs on the economy, warning of a potential downturn. With inflation concerns on the rise, the Fed is closely monitoring the situation. As trade tensions escalate, the risk of slower economic growth and higher prices becomes increasingly likely. The US economy, already facing challenges, may be in for a bumpy ride. Key economic indicators, including inflation rates and GDP growth, will be closely watched in the coming months. Economic uncertainty and trade policy are likely to remain major concerns.