Afghanistan, May 8 -- US Federal Reserve Chair Jerome Powell warns that Trump's trade policies may lead to a recession by impacting economic stability.
The U.S. Federal Reserve has decided to hold interest rates steady amid growing concerns over the economic impact of President Donald Trump's trade policies. The decision was announced after the Federal Open Market Committee's two-day meeting on May 7. This move signals the Fed's cautious stance as it navigates the uncertainty triggered by the trade policies and their potential effects on inflation and employment.
Jerome Powell, the Federal Reserve Chair, stated that the economic outlook is unclear, making it challenging to decide on future monetary policies. He emphasized that the central...