Tariffs put Fed in tough spot

The US Federal Reserve Chief fears that Trump's tariffs could plunge the country into an economic crisis. China reacts with counter-tariffs. Meanwhile, the price collapse continues on the stock markets. All developments in the live ticker.

Tariffs put Fed in tough spot

An aggressive suite of tariffs announced Wednesday by President Donald Trump will significantly complicate the Federal Reserve's job as it struggles to quash inflation and avoid an economic downturn, likely keeping officials in wait-and-see mode.