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WATCH: Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead for economy

The article discusses Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee, where he addressed the central bank's approach to monetary policy amidst economic uncertainties. Powell emphasized the Fed's commitment to data-driven decisions, particularly in light of recent global economic slowdowns and trade tensions, notably the U.S.-China trade war. Concurrently, the European Union (EU) has promised a response to the Trump administration's decision to impose tariffs on steel and aluminum, which has escalated trade disputes. The EU's reaction is part of a broader international response to U.S. trade policies, with potential implications for global economic stability. Powell's testimony and the EU's stance highlight the interconnected nature of global economic policy and the delicate balance central banks must maintain in fostering growth while managing inflation and responding to international trade dynamics.

Read the Full PBS Article at:
[ https://www.pbs.org/newshour/politics/watch-live-powell-testifies-before-senate-committee-as-eu-promises-response-to-trump-tariffs ]