Fed Holds Back on Market Rescue Amid Trump Tariffs
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Federal Reserve Chair Jerome Powell stated that the economic impact of President Trump's tariffs is still being assessed, making immediate intervention unlikely. The tariffs are larger than anticipated, prompting a cautious approach from the Fed regarding monetary policy adjustments. Powell indicated that further market declines are more probable than a swift Fed-led market turnaround. This contrasts with the long-held investor belief in automatic Fed intervention during market crises.
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