Reported about 9 hours ago
During a recent press conference, Federal Reserve Chairman Jerome Powell addressed the impact of President Trump's tariffs on inflation, stating that they are likely to hinder progress towards the Fed's price stability goals. Despite holding interest rates steady and forecasting two potential cuts later this year, Powell acknowledged that the uncertainties surrounding tariff effects on prices could lead to temporary fluctuations. His comments contrasted with previous Fed meetings, where he avoided detailed discussions on the potential inflationary impacts of trade policies.
Source: YAHOO