US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.

US tariffs will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday, also warning of an "elevated" risk of higher unemployment.

Fed Chair Powell warns of larger tariff increases, higher inflation, slower growth due to Trump's policies.

April 4 (UPI) -- Federal Reserve Chairman Jerome Powell warned Friday that Trump's strict tariffs will worsen inflation and lower economic growth. As a result, the Fed won't change interest rates until the full economic effect is clarified.

Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.

Gold prices fell in Malaysia on Friday, according to data compiled by FXStreet.

Gold prices fell in Philippines on Friday, according to data compiled by FXStreet.

Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.

Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.

The trade uncertainty fueled by recent tariffs will likely raise the risks of higher inflation and slower growth, and pose challenges for Federal Reserve policy, a senior banking official said Thursday.

US Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.

Powell said the tariffs and their impacts on the economy and inflation, are “significantly larger than expected.”

Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet.

Federal Reserve (Fed) Chairman Jerome Powell said on Friday that US President Donald Trump's tariffs are bigger than expected, and they risk higher inflation and slower growth, while delivering his prepared speech at the annual conference for the Society for Advancing Business Editing and Writing on

After the overnight corrective pullback in Comex Gold from all-time highs, Gold price in India also follows suit on Friday.

Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Friday and currently trades below the $3,100 mark, down for the second successive day.

Gold price (XAU/USD) recovers some lost ground to near $3,115 during the late American session on Thursday after facing some profit-taking in the previous session.