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Stocks Tumble as Fed Chairman Warns of ‘Challenging Scenario’ Resulting From Trump Tariffs

Jerome Powell discussed the ‘economic effects, which will include higher inflation and slower growth,’ stoking fears of stagflation.

Trader Dylan Halvorsan works on the floor of the New York Stock Exchange, April 16, 2025.
Trader Dylan Halvorsan works on the floor of the New York Stock Exchange, April 16, 2025. AP/Richard Drew

Stocks Tumble as Fed Chairman Warns of ‘Challenging Scenario’ Resulting From Trump Tariffs | The New York Sun