US Federal Reserve Chair Warns of Uncertainty Caused by Trump’s Tariffs

US Federal Reserve Chair Jerome Powell recently voiced concerns over the impact of President Donald Trump’s tariffs on the economy, stating that they are creating a ‘great deal of uncertainty.’ Powell emphasized that the trade tensions arising from the tariffs have led to hesitation among businesses in making investment decisions, which could potentially slow down economic growth. The uncertainty surrounding the tariffs has also affected consumer confidence, as individuals are unsure about the future implications on prices and jobs. Powell’s remarks come at a time when the US economy is facing challenges such as slowing global growth and geopolitical tensions, making the impact of the tariffs even more significant. The Federal Reserve has been closely monitoring the situation and is prepared to take necessary actions to support the economy if needed. Despite the uncertainties caused by the tariffs, Powell remains optimistic about the resilience of the US economy and its ability to navigate through these challenges.