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Powell: Trump tariffs will ‘delay’ progress against inflation
- Federal Reserve Chair Jerome Powell stated that Trump's tariffs will worsen inflation and hinder economic stability for consumers and the Federal Reserve's goal of 2 percent inflation.
- Judge James Boasberg ordered a pause on deportations, which the Trump administration allegedly defied, prompting criticism from White House Press Secretary Karoline Leavitt.
- Democratic lawmakers expressed dissatisfaction with Senate Minority Leader Chuck Schumer's support of budget cuts, leading to calls for his leadership reconsideration.
- Powell remarked that inflation is affected by tariffs, noting the Summary of Economic Projections indicates little progress on inflation this year.
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Under President Trump the national inflation rate is down while unemployment is slightly higher
At Feast in Midtown, owner Doug Levy said hes expecting to turn a profit for the first year since the pandemic. His business has been having a tough time in recent years and has been impacted by employments issues and inflation.Lately he said inflation has not impacted his business as much as in the past.Its still slowing but its definitely still there, Levy said.However, two years ago he said it was having a bigger effect on him. It especially …
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Posthaste: Hope dims that Canada can escape the next round of Trump tariffs unscathed
As the tariff deadline on April 2 nears, hope is dimming that Canada can escape unscathed. Read what the economists say
·Canada
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Total News Sources89
Leaning Left17Leaning Right19Center17Last UpdatedBias Distribution36% Right
Bias Distribution
- 36% of the sources lean Right
36% Right
L 32%
C 32%
R 36%
Factuality
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