US EditionPowell sees tariffs raising inflation and says Fed will wait before further rate moves
- The Trump administration's tariffs include a 54 percent levy on China and a 20 percent tariff on the European Union, effective April 9.
- Federal Reserve Chair Jerome Powell warned that tariffs could raise inflation and slow growth, saying that the tariff increases will be significantly larger than expected.
- Financial markets reacted negatively, with the S&P 500 falling 5.2% and the Nasdaq 100 dropping 5.3%.
- President Donald Trump insisted his tariff policy will not change, despite market reactions.
327 Articles
327 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."
NOQ Report
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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