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Nominal GDP targeting would allow the central bank to balance price stability and maximum employment more effectively.
-- Unemployment of 4.5% to 5%, up from 4.2% in March.
The Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal ... goals Congress has given us of maximum employment and stable prices ...
President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and ...
Federal Reserve Chair Jerome Powell challenges Trump's unexpected tariffs, warning of elevated risks of inflation and slower ...
President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and ...
Weaker growth and higher prices ... The Fed is required by law to seek maximum employment and price stability, which it defines as yearly inflation of 2%. Powell acknowledged that the tariffs ...
Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the ...