Amid growing concerns escalating global trade tensions could spark a recession, Federal Reserve Chairman Jerome Powell has pledged the central bank will take appropriate actions to sustain the U.S, economic expansion.
Powell mentioned recent developments involving trade negotiations and other matters in opening remarks at a Chicago Fed conference on Tuesday, acknowledging that the Fed does not know how or when these issues will be resolved.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.