US EditionPowell sees tariffs raising inflation and says Fed will wait before further rate moves
- Federal Reserve Chair Jerome Powell stated that recent tariff increases could lead to higher inflation and slower growth, indicating the Fed will not rush to change interest rates.
- U.S. President Donald Trump announced new tariffs against major trading partners, including a 54 percent levy on China, which have made markets anxious about rising prices and higher inflation risks.
- Markets reacted negatively, with the S&P 500 falling significantly and investors uncertain about the long-term effects of the trade war.
- Bank of America Corp.'s Michael Hartnett advised investors to 'short' risk assets until a shift in tariff policy occurs, indicating potential economic difficulties ahead.
332 Articles
332 Articles
The Federal Reserve of the United States (Fed) announces an emergency summit to review the advance and discount rates that will be charged by the Federal Reserve Banks. According to the website of the institution headed by Jerome Powell, the meeting between the board of governors will take place Monday at 11:30 a.m. (16:30 a.m. Spanish time) and will be held behind closed doors in Washington. Although this meeting is recorded in the central bank…
Charles Payne: I Don't Want To Sound Too Flippant, But I'm Licking My Chops
Fox's Charles Payne does his best to put lipstick on Trump's pig that crashed the stock market this week. Payne made an appearance on Fox's Special Report with Bret Baier this Friday, and while discussing Trump's tariffs that sent the markets reeling, was asked about Fed Chair Jerome Powell's statement that the tariffs may cause inflation to rise, but he will wait before making any interest rate moves. Trump, of course, wants Powell to cut rates…
Video Fed Chair Powell says he expects Trump's tariffs will hike inflation
Fed Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key economic indicators "still show a solid economy."
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When Will Americans Feel Ripple Effects From President Trump’s Global Tariffs?
(DCNF)—Federal Reserve Chairman Jerome Powell expressed uncertainty on Friday about the effects President Donald Trump’s reciprocal tariffs would have on the economy. Trump announced reciprocal tariffs to address import duties and what he called “horrendous imbalances” in trade with foreign countries Wednesday during a Rose Garden event. Powell noted that the Trump administration was changing multiple areas of policy at an event held by the Soci…
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