Fed Chairman Powell Discusses Tariffs
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Business & Economics
Fed's Powell says central bank could face 'challenging scenario' due to tariffs

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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% .
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