Reported 2 days ago
Federal Reserve Chairman Jerome Powell expressed concerns that President Trump's tariffs could lead to higher inflation and slower economic growth, creating a difficult scenario for the Fed in balancing its dual mandate of stable prices and maximum employment. During a speech in Chicago, Powell noted the likelihood that the economy may deviate from achieving these goals in the near term, urging caution and emphasizing that the Fed will wait for more clarity before making any rate adjustments. Furthermore, he pointed out the bond market's volatility in response to the tariffs, and acknowledged ongoing uncertainty in predicting the inflationary effects of these tariffs.
Source: YAHOO