Several days after President Donald Trump announced sweeping "Liberation Day" tariffs on much of the world, shock waves continue to ripple through the national and international business community. The Dow Jones Industrial Average dropped again Monday after plunging Thursday and Friday,

Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

Key Takeaways Forecasters were revising the outlook for the U.S. economy Thursday, seeing greater recession risks in the wake of Donald Trump's far-reaching tariffs on trading partners.The tariffs could push up prices,