Fed, Powell and tariffs
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New York Post |
“Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell told ...
USA Today |
President Trump enacted a 25% tariff on all imported cars and light-duty trucks, and a 10% minimum tariff on other imported goods.
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Fed's Powell said the economy is in "good place," and officials must keep inflation controlled. His remarks suggest the possibility of fewer rate cuts
Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,
Speaking at a conference on Friday, Federal Reserve Chair Jerome Powell said “it is now becoming clear that the tariff increases will be significantly larger than expected,” and the economic
Federal Reserve Chair Jerome Powell said Trump tariffs are likely to raise inflation and slow economic growth.
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.”
11hon MSN
US Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.
Still, the Fed chair said the central bank isn’t in a hurry to cut rates. “We’re waiting for greater clarity before we consider adjustments.”
Federal Reserve Chair Jerome Powell is expected to comment on the state of the economy at a speech scheduled for Friday, April 4.