Speaking at a conference on Friday, Federal Reserve Chair Jerome Powell said “it is now becoming clear that the tariff increases will be significantly larger than expected,” and the economic

Economists told Newsweek it could take years or decades for Americans to know if Trump's tariffs achieved their goals—if they ever do.

Donald Trump’s “liberation day” tariffs present a severe risk to a US economy that is already rapidly losing momentum, with economists warning of surging prices for households and a growing risk of recession in the wake of the president’s announcements.