Reported about 7 hours ago
In a recent press conference, Federal Reserve Chair Jerome Powell indicated that tariffs could potentially delay progress on inflation as the Fed maintains steady interest rates. He emphasized the uncertainty surrounding inflation and suggested that while tariff impacts are unpredictable, they appear to have led to increased inflation expectations for the year. Powell reassured that despite heightened recession odds, the likelihood remains low, and the Fed is cautious but not rushed in its policy adjustments.
Source: YAHOO