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March 18, 2025

‘Stagflation' puts Fed in tricky spot

WASHINGTON (AP) — The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet this week.

Inflation improved last month but is still high, and tariffs could push it higher. At the same time, ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment.


 
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