Jerome Powell Surprised by Tariffs: Risks Higher Inflation, Slower Growth
Powell's emphasis on controlling inflation suggests the Fed is likely to hold its benchmark interest rate at around 4.3 percent.
Fed Chair Jerome Powell rebuffs Trump’s push to cut rates, warns tariffs will likely push inflation higher
His remarks come amid growing unease in financial markets as the impact of Trump’s latest round of tariffs on key trade ...
Jerome Powell warns on Trump’s tariffs: High inflation could be here to stay
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.
Fed Chair Jerome Powell warns that Trump's tariffs could mean higher inflation and slower growth
Federal Reserve Chairman Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation but ...