Federal Reserve Chair Jerome Powell stated today that the public may bear the brunt of tariffs, potentially leading to higher unemployment and inflation rates. Powell's remarks highlight ongoing concerns about the economic impact of trade policies. Economists are closely monitoring these developments to assess the potential consequences for consumers and businesses.
In other news, bodycam footage has been released showing first responders at the home of actor Gene Hackman. The footage documents the scene as emergency personnel arrived. Details surrounding the nature of the emergency have not been fully disclosed, but the release of the footage provides insight into the event.
Powell Warns of Potential Inflation, Unemployment Rise; Hackman Home Emergency
Federal Reserve Chair Jerome Powell cautioned that both unemployment and inflation could increase due to the impact of tariffs on consumers. His comments come as economic uncertainty persists. Separately, newly released bodycam footage reveals the response to an emergency call at actor Gene Hackman's residence. The footage offers a glimpse into the situation faced by first responders.
Source: Read the original article at CBS