Live updates: Powell says tariff uncertainty looms as Fed holds rates

May 7, 2025 - 22:00
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Live updates: Powell says tariff uncertainty looms as Fed holds rates
Secretary of the Treasury Scott Bessent returns to Capitol Hill on Wednesday, to testify in the House for a second day. His questioning about the global financial system comes the same day the Federal Reserve made its first interest rate decision since President Trump announced his plan for sweeping global tariffs. In the first months…