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The Marriner S. Eccles Federal Reserve building stands in Washington, DC. — The Marriner S. Eccles Federal Reserve building stands in Washington, DC.Photographer: Erin Scott/Bloomberg

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By Jonnelle Marte

May 7, 2025 at 6:00 PM UTC

Updated on

May 7, 2025 at 7:21 PM UTC

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Federal Reserve Chair Jerome Powell said officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment.