On the recordMarch 13, 2025
The net effect of these policy changes... encompasses an aggressive crackdown on immigration and mass layoffs of federal workers.
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cnn.comEditor's note · Context
Powell discussed the broader implications of Trump's policy changes on the economy.
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More from Jerome Powell
Oct 14, 2025
Rising downside risks to employment have shifted our assessment of the balance of risks
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without the ability to pay interest on reserves, the Fed would lose control over rates
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the outlook for employment and inflation does not appear to have changed much since our September meeting
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