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‘Completely man-made’: Markets tumble after Fed Chair suggests Trump’s tariffs will cause inflation
CNBC Senior Economics Reporter Steve Liesman joins Nicolle Wallace to discuss the market's reaction to new comments on Donald Trump's tariffs from Federal Reserve Chair Jerome Powell, primarily that they will put the Fed in a difficult situation in their effort to fight inflation and grow the economy.
"If we get inflation, the Fed will be behind the curve," top economist Adam Posen warned.
Jerome H. Powell warned that President Trump’s tariffs could lead to a “challenging scenario” for the central bank.
As global financial systems react to economic shifts, a new book from the director of the Rhodes Center for International ...
Federal Reserve Bank of St. Louis President Alberto Musalem said there’s a near-term risk that inflation will rise while the ...
(CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves.
Policymakers and economists say the latest data is only a temporary reprieve as tariffs could stoke higher inflation. 10 Inflation 8 6 +2.8% excluding food and Inflation cooled unexpectedly ...
Economist Pedro Palma said Venezuela’s inflation rate could be between 180% and 200%. He warned that people will cut spending because salaries will not keep up with inflation and some could even ...
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