Published 10 days ago • loading... • Updated 5 days ago

Powell: Trump tariffs will ‘delay’ progress against inflation

Federal Reserve Chairman Jerome Powell stated that Trump's tariffs will not cause lasting inflation, describing them as possibly transitory in nature, and emphasized a patient approach to policy adjustments.
Businesses predict prices will rise by approximately 3 percent, while Canadian consumers expect a 4 percent increase, according to the Canadian Survey of Consumer Expectations.
White House Press Secretary Karoline Leavitt claimed that tariffs are a tax cut for the American people, which contrasts with the sentiment among consumers and economists regarding inflation.
During a recent press conference, Powell noted, "We do not need to be in a hurry to adjust our policy stance," suggesting caution regarding inflation behavior related to tariffs.

Insights by Ground AI

Does this summary seem wrong?

89 Articles

All

Left

Center

Right

CP24

Center

U.S. ‘may’ exempt some sectors from Trump’s next tariff round, White House says

With a new round of tariffs from U.S. President Donald Trump expected to hit Canada next week, the White House says some sectors could be spared again – at least for now.

5 days ago·Toronto, Canada

Read Full Article

The Toronto Star

Lean Left

It would be foolish to give up our successful supply management system

Because we have a supply management system in place, Trump’s threatened tariffs will have minimal impact on our continued supply of safe, hormone free, milk.

8 days ago·Toronto, Canada

Read Full Article

Zero Hedge

Right

QT-Taper, Now? What Does Powell Know...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

8 days ago·United States

Read Full Article

KGUN 9

Center

Under President Trump the national inflation rate is down while unemployment is slightly higher

At Feast in Midtown, owner Doug Levy said hes expecting to turn a profit for the first year since the pandemic. His business has been having a tough time in recent years and has been impacted by employments issues and inflation.Lately he said inflation has not impacted his business as much as in the past.Its still slowing but its definitely still there, Levy said.However, two years ago he said it was having a bigger effect on him. It especially …

8 days ago

Read Full Article