The major averages rose on Wednesday, while the 30-stock Dow posted another record close.
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Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
The central bank leader said that while he expects higher inflation and lower growth, it’s unclear where the Fed will need to devote greater focus.
Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not concerned about ‘a little’ market volatility
essent said the administration is attentive to market moves, he predicted that both the economy and markets would prosper over time.