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Powell says Fed needs to manage against risk that tariff inflation proves persistent
The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,
Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively ...
The Federal Reserve Bank of New York is in the second district, which includes New York and parts of New Jersey and Connecticut. It also serves Puerto Rico and the U.S. Virgin Islands.
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