US EditionPowell sees tariffs raising inflation and says Fed will wait before further rate moves
- Federal Reserve Chair Jerome Powell stated that tariffs are likely to cause a temporary rise in inflation, which may also be more persistent.
- Kathy Bostjancic, chief economist at Nationwide, expressed concerns about the uncertain economic outlook, predicting both higher unemployment and inflation.
- Fed Vice Chair Philip Jefferson warned that worsening uncertainty could limit economic activity.
- Powell emphasized the Fed's responsibility to prevent a one-time price increase from becoming an ongoing inflation issue.
268 Articles
268 Articles
US Customs Policy - Fed boss Powell warns against negative effects - stock prices continue on descent
The head of the US Federal Reserve, Powell, has warned of the negative impact of President Trump's customs policy on the economy. Powell said it is very likely that the new tariffs would lead to an increase in inflation and slower economic growth at least temporarily.
Fed Chair Powell Just Made His First Comments on Trump's Tariffs. Here's the Hidden Message for Investors. @themotleyfool #stocks $^IXIC $^GSPC
For years now, Federal Reserve Chair Jerome Powell has been trying to guide the economy to a "soft landing." After inflation spiked in 2022 following pandemic stimulus and supply chain crunches, the central bank raised interest rates to bring inflation down. It's mostly done so, as inflation has fallen to under 3%, close to the Fed's goal of 2%, without causing a recession. The second part of that process was lowering the benchmark federal funds…
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