Fed's Mouthpiece: Powell Did Not Issue Aggressive Stance on Tariff Inflation, Boosting Stock Market

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[Federal Reserve Mouthpiece: Powell Did Not Issue Aggressive Stance on Tariff Inflation, Boosting Stock Market] "Federal Reserve Mouthpiece" Nick Timiraos wrote that the Federal Reserve is keeping the Benchmark Interest Rate unchanged while assessing how a series of policy changes by the Trump administration in trade, immigration, spending, and taxation could reshape the economic outlook. In recent weeks, consumer confidence has sharply declined amid headlines of federal government spending cuts and increased tariffs. Federal Reserve Chairman Powell said at a press conference on Wednesday, "We believe now is a good time to wait for the situation to become clearer." Powell did not issue a more aggressive stance on potential tariff-related price rises, which encouraged investors. The Dow closed up 0.9%, with both the S&P 500 and Nasdaq gaining more than 1%.

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