Federal Reserve Chair Jay Powell painted a dark picture this afternoon of the risks facing the U.S. economy due to President Donald Trump’s trade war. But Powell also made clear the Fed isn’t about to step in with a rate cut quite yet.
Powell addressed the Economic Club of Chicago as the Trump administration’s trade war enters its third week. Markets, already down for the day, slumped further as Powell spoke. The tech-heavy Nasdaq composite lost more than 3% today.
Presented by Duke Energy
Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.
Presented by Duke Energy
Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.
