Jerome POWELL’s This Warning Against TRUMP’s Tariffs QUAKES World Markets, Gold Prices Shoot | Watch

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Apr 17, 2025, 07:52:41 AM |

TOI.in

U.S. Federal Reserve chair Jerome Powell issued starkest warning yet on Donald Trump’s tariffs in an interaction with Raghuram Rajan at the Ecoomic Club Of Chicago. He said U.S. President’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters. U.S. stocks tumbled as Powell spoke: The Dow was down 700 points, or 1.7%. The broader S&P 500 fell 2.5%. The tech-heavy Nasdaq Composite slid 3.5%. Powell said the Fed’s best move for the moment is to stand pat until the data clearly shows how the U.S. economy is responding to Trump’s policies. Watch.