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Federal Reserve Chair Jerome Powell said that the projected rise in inflation is "clearly" linked to the president's tariff plans.
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President Trump's plans risk stoking inflation and denting growth, an undesirable combination that economists warn could lead to much tougher trade-offs for the central bank.
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The White House said taking ownership of Ukrainian plants would give them the "best protection." The idea faces legal hurdles and operational challenges, and it's unclear if Ukraine would agree to it.
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"We'll do a big, beautiful room but we could use it in the White House," the president said about the plans.
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