The head of the nation's central bank said President Donald Trump's trade policies are set to delay further progress on bringing inflation down. After the Federal Open Market Committee announced ...
It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher inflation stemming from President Trump's tariffs will be "transitory" — reviving memories of ...
Powell said the Fed's base case is that inflation tied to tariffs would likely be transitory, but that the outcome was uncertain. "Transitory" was the word the Fed initially used to describe the ...
Fed's Powell: Removing 'roughly in balance' to describe risks from the statement isn't meant to convey a signal.
Powell attributed some of this uncertainty to Trump's tariff policies, suggesting they could lead to higher inflation, at least temporarily. Still, the Fed anticipates two quarter-percentage-point ...
"You want to look at all those things," Powell said at the University of Chicago Booth School of Business forum. "And you want to remember the context, which is we came off a very high inflation ...
While Powell did not mention the president by name, he told reporters Wednesday that the Fed is bracing for import taxes to impede its fight against inflation. “I do think with the arrival of ...
NEW YORK, March 7 (Reuters) - Federal Reserve Chair Jerome Powell said it remains to be seen if the Trump administration's tariff plans will prove to be inflationary, mapping out a checklist of ...
It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher inflation stemming from President Trump's tariffs will be "transitory" — reviving memories of how ...
If the increases are larger, that would matter, and what really does matter is what is happening with longer-term inflation expectations. How persistent are the inflationary effects?” “You want to ...