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Fed's Powell says central bank could face 'challenging scenario' due to tariffs

Fox Business
Summary
Nutrition label

86% Informative

Jerome Powell said tariffs on U.S. trading partners are "significantly larger than anticipated" The Fed chair said tariffs are "highly likely" to lead to temporary rise in inflation.

Powell said the central bank would wait for more data on the economy's direction before changing interest rates.

The Nasdaq Composite bore the brunt of losses on Wednesday , falling more than 3% .

VR Score

91

Informative language

93

Neutral language

44

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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