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cover of episode Powell Sees Tariff Impact as Transitory, Trump Says Fed Should Cut Rates On today's podcast:

Powell Sees Tariff Impact as Transitory, Trump Says Fed Should Cut Rates On today's podcast:

2025/3/20
logo of podcast Bloomberg Daybreak: US Edition

Bloomberg Daybreak: US Edition
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Federal Reserve Chair Jerome Powell has downplayed growth concerns and sees the inflationary effects of tariffs as transitory, calming financial markets.
  • Jerome Powell used the term "transitory" to describe the inflationary effects of tariffs.
  • The Fed left interest rates unchanged despite mounting growth concerns.
  • Financial markets responded positively, with the S&P 500 rallying significantly.

Shownotes Transcript

On today's podcast:

  1. Federal Reserve Chair Jerome Powell downplayed growth concerns and the impact of President Donald Trump's trade war on inflation, calling the inflationary effect of tariffs "transitory".

  2. President Donald Trump said the Federal Reserve should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push. 

  3. Ukrainian President Volodymyr Zelenskiy agreed to a proposal for a mutual halt to strikes on energy assets as an initial step in President Donald Trump’s effort to end the war that began with Russia’s full-scale invasion three years ago.

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