Jerome Powell: Trump fees are exposed "Federal Reserve" For a difficult situation

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Jerome Powell: Trump fees are exposed "Federal Reserve" For a difficult situation

Jerome Powell, Chairman of the Federal Reserve, said on Wednesday that the customs duties imposed by US President Donald Trump are greater than expected, and the US Federal Reserve may put in a difficult position that we have not seen for decades. In statements prepared by a speech at the Economic Club in Chicago, that economic growth in the United States seems to be slowed in the weak growth in consumer spending and a decrease in confidence, in addition to an accelerated flow in imports to avoid customs duties may affect the estimates of GDP. The American economy is in a strong position .. But the data currently available indicates that growth slowed in the first quarter compared to a strong pace recorded last year & quot; according to the & quot; Reuters & quot;

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He said & quot; Powell & quot; In reference to the rapid transformations in commercial policy, analysts expect the slowdown throughout the year, while & quot; Families and companies data indicate a sharp decrease in confidence and increasing fog about expectations, which reflects fears related to commercial policy to a large extent & quot;. The interest is currently fixed & quot; to wait for more clarity before considering any amendment to the monetary policy & quot;

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