Reported 2 days ago
Federal Reserve Chair Jerome Powell has indicated that tariffs imposed by President Trump could result in increased inflation and reduced growth in the U.S. economy. He highlighted the likelihood that tariffs will impact public prices and suggested that the Federal Reserve may have to prioritize either price stability or maximum employment this year due to these pressures. Powell expressed concern over potentially longer-lasting inflation related to current tariffs, especially referencing past issues such as semiconductor shortages during the pandemic.
Source: YAHOO