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Trump promised a booming economy, but officials at the Federal Reserve are forecasting the GDP to rise by 1.7% in 2025, a significant decrease from the December prediction of 2.1%. The Fed, along with policymakers, also expect inflation to increase by an average rate of 2.7%, up from the earlier 2.5% estimate. Uncertainty is ‘remarkably high,’ the Fed chair, Jerome Powell, said at a press conference on Wednesday as the Trump admin’s reckless actions shake up the economy. | NowThis Impact
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