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Business & Economics

Fed Chair Powell says he expects Trump's tariffs will hike inflation and slow growth

ABC News
Summary
Nutrition label

71% Informative

Fed Chair Powell says he expects President Trump 's tariffs will hike inflation and slow growth.

The remarks came as U.S. stocks plummeted amid an escalating global trade war.

Powell says key economic indicators "still show a solid economy" Minutes before Powell was set to speak, Trump sharply criticized Powell , calling on him to reduce interest rates.

VR Score

80

Informative language

83

Neutral language

44

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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