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US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump's tariffs

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Federal Reserve Chair Jerome Powell expressed concerns about President Trump's tariff policies, highlighting the potential conflict between maintaining low inflation and maximum employment. The Fed held interest rates steady amidst uncertainty caused by trade measures, particularly tariffs on Chinese goods. Powell acknowledged the difficulty in predicting the economic impact of these policies, signaling a cautious approach to future rate adjustments.
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