Powell initially said that the Fed's base case for the tariffs was for them to lead to "transitory" inflation, although at the time Powell and his team likely had no idea that the Trump ...

Powell has had repeated run-ins with US President Donald Trump, lost key officials over insider trading allegations, seen the institution’s credibility eroded by the misguided 2021 transitory ...

seen the institution’s credibility eroded by the misguided 2021 transitory inflation judgement, and more. Yet what has made this bad luck worse and more consequential for overall economic ...

“This is probably best exemplified by the chair of the Fed's recent comments in early April, stating that he felt the impact on inflation of any increase in tariffs would be transitory in ...

after which inflation would moderate. This is the transitory inflation view. In this situation, the Fed could ignore rising inflation, and focus on the employment mandate. Another view is that the ...

He also says tariffs are a “tax cut,” which makes about as much sense as former President Biden telling us that dumping trillions into the economy would do wonders in fighting inflation. Biden-era ...

Biden-era Democrats believed "transitory" inflation was worth suffering through in order to "remake" the economy. Trump officials are now making the same terrible bet on transitory economic pain.

Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up U.S. inflation but it is unclear how persistent that upward pressure ...

Notably, the Federal Reserve has maintained a base case that tariff-induced inflation will be "transitory" and, therefore, have a short-term impact on price growth. This was reflected in the ...

Barkin also countered Chairman Jerome Powell‘s tariff-induced “transitory inflation” remark and told the reporters that he wouldn’t assume that there would just be a one-time increase in price levels, ...