US EditionPowell sees tariffs raising inflation and says Fed will wait before further rate moves
- Federal Reserve Chair Jerome Powell stated that tariffs could raise inflation and slow economic growth, noting the impacts could be larger than expected.
- The Trump administration announced significant tariffs, including a 54 percent levy on China, 20 percent on the European Union, and 26 percent on India.
- Stock markets saw major declines, with the S&P 500 down 5 percent, as concerns over rising import costs affected investor sentiment.
- Emily Bowersock Hill commented on the uncertainty regarding how tariff impacts can be mitigated by potential Federal Reserve rate cuts.
324 Articles
324 Articles
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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