A fraught word resurfaced in the Federal Reserve’s lexicon again this week: "transitory." It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher inflation ...

Some worry that Powell may be mistakenly playing down the risks of Trump’s trade war, as he did in 2022 when he wrongly called inflation “transitory.” Several economists see tariffs ...

Federal Reserve Chairman Jerome Powell on Friday appeared to back away from a "base case" view that inflation from President ...

Powell called tariff-driven inflation as potentially "transitory." He dismissed the University of Michigan inflation report as an "outlier." Markets rallied after Powell’s remarks, with the S&P ...

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 ...