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Hawkish Powell warns on stagflation, says Fed will wait on rates

Chicago | US Federal Reserve chairman Jerome Powell said on Wednesday (Thursday AEST) that the Fed would wait for more data on the economy’s direction before making any changes to interest rates.

He also said recent market volatility was a logical processing of the Trump administration’s dramatic shifts in tariff policy.

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Reuters

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    Original URL: https://www.afr.com/world/north-america/powell-says-economy-is-slowing-but-can-wait-for-clarity-20250417-p5lsdj