Fed says trade war downturn

WASHINGTON | Fed says trade war downturn could pose challenges

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the central bank has tools it can use to cushion the potential economic fallout from a trade war. But he told Congress the effort could be challenging if higher tariffs push inflation up too sharply. If the retaliatory tariffs imposed by other countries slowed U.S. … Continue reading WASHINGTON | Fed says trade war downturn could pose challenges