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Rising Inflation Could Mean Shallower Fed Interest Rate Cuts
Federal Reserve Chair Jerome Powell, left, talks with Anil Kashyap, Professor of Economics and Finance at the University of Chicago's Booth School of Business,, before his address to the annual U.S. Monetary Policy Forum, in New York, March 7, 2025. (Richard Drew/AP)
American families are growing sharply less optimistic about the economic outlook, but the Federal Reserve may be loathe to respond aggressively to a weakening economy in light of increasing worries that the Trump administration's trade policy will boost already elevated inflation. [Full Story]
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