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Fed chief struggles to manage wild card in trade wars
In a first rate cut in a decade, Powell says Trump’s tariffs create a wild card for the Fed. He notes trade tensions drive the manufacturing slowdown and that rates alone won’t fix tax, supply, or investment disruption. Powell stresses the Fed’s independence amid political pressure.
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Fed
Washington
Federal Reserve
Jerome Powell
Donald Trump
Powell
American Chamber of Commerce
South China
U.S
U.s.-China
Timothy Fiore
Institute For Supply Management
Trump
Powell Fed
Mark Zandi
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