<ul><li>Federal Reserve Chair Jerome Powell warns that higher tariffs will likely raise inflation and slow growth, with effects potentially becoming more persistent.</li><li>Uncertainty remains elevated as details on tariffs and retaliation are unclear.</li><li>Bitcoin recovers modestly to $83,139, while XRP surges 7% amid crypto market volatility.</li><li>Powell emphasizes the Fed's commitment to price stability, while acknowledging the difficulty in assessing the economic effects of tariffs until details are clarified.</li></ul>

Powell Delivers Stark Outlook—Tariffs to Result in ‘Higher Inflation and Slower Growth’

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