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Powell sought to calm fears about the current state of the economy in remarks at the Hilton Chicago Hotel.
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The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.
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Semiconductor stocks fell after the Trump administration blocked companies from selling certain chips to China without a license.
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Dow drops nearly 700 points, Nasdaq tumbles 3% in tech-driven sell-off: Live updates CNBCStocks slide as Powell warns of impact of tariffs on the economy CNNTrade Tensions Weigh Down Nvidia, Tech Stocks WSJS&P 500 Gains and Losses Today: Chip Stocks Drop as Top Firms Cite Export Restriction Effects Investopedia
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Soybean farmers are urging the White House to abandon its tariffs on China to protect their industry. NPR's Leila Fadel speaks with Caleb Ragland, president of the American Soybean Association.
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