Powell said that the tariffs, and their impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to ...

The outlook for the U.S. economy is still highly uncertain, with “elevated risks of both higher unemployment and higher inflation,” Powell said in prepared remarks at the annual conference for ...

Noting that tariffs could both push up inflation and slow the economy, Federal Reserve Chair Jerome Powell said Friday the central bank will be especially vigilant about keeping inflation in check.