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Jerome Powell's Inflation Warning Rings Truer Than Ever After President Donald Trump's Latest Announcement

The Motley Fool·
Jerome Powell's Inflation Warning Rings Truer Than Ever After President Donald Trump's Latest Announcement

Former Fed Chair Jerome Powell's warnings about tariff-driven inflation are proving prescient as President Trump announces new tariffs on 60 trading partners ranging from 10-12.5%. Combined with energy supply shocks from the Iran war, broad-based inflation, and AI-driven price pressures, policymakers face a 'quadruple whammy' of inflationary factors ahead of the July 29 FOMC interest rate decision.

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