US Federal Reserve Chair Jerome Powell speaks at the Economic Club of Chicago on April 16, 2025, in Chicago, Illinois. US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the US Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, Powell said Wednesday. US markets fell following Powell's remarks, with the tech-rich Nasdaq Composite down 3.4 percent at around 12:50 pm local time in Chicago (1750 GMT). (Photo by KAMIL KRZACZYNSKI / AFP) WASHINGTON, United States — US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward.
“There is no risk-free path,” he told a Rhode Island event. “If we ease too aggressively, we could leave the inflation…
