Powell says tariffs could raise inflation, but ‘too soon to say’ how Fed reacts
Federal Reserve Chair Jerome H. Powell said April 4 that President Donald Trump’s sweeping tariffs could raise inflation and slow growth; however, it’s “too soon to say” how the Fed will adjust monetary policy as a result.
Understanding Powell's Warning: Trump’s Tariffs and Their Impact on Inflation and Growth
Alongside inflation concerns, Powell highlighted the likelihood of slower economic growth as a consequence of increased tariffs. Such an environment can hinder job creation and potentially lead to higher unemployment rates.
Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at the Society for Advancing Business ...
Late last year, the Federal Reserve was on the cusp of achieving a so-called soft landing — inflation steadily cooling ...
Traders and economists see increased chances of cuts ahead but Federal Reserve Chair Jerome Powell said central bankers will ...
Investors hoping for a sizable dovish pivot from the Fed following the president's Wednesday tariff announcement and ...
Federal Reserve Chair Jerome Powell may offer clues about the central bank's approach to inflation on Friday. Powell will be ...
But the impact points to a larger — and unquestionably disturbing — trend. As extreme weather events increase in both ...
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