U.S. markets experienced a significant downturn after Federal Reserve Chairman Jerome Powell highlighted the need for ‘greater clarity’ concerning the impacts of President Trump’s tariffs. Powell raised concerns about potential rising inflation and a declining job market as consequences of these trade measures.

As investors react to these cautionary statements, the markets face uncertainty ahead. Clarity regarding economic stability and job performance will play a critical role in shaping market expectations moving forward. Traders should remain vigilant as updates from the Fed shed light on the evolving landscape influenced by tariff policies and their economic ramifications.