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Powell: Trump tariffs will ‘delay’ progress against inflation

  • Federal Reserve Chair Jerome Powell stated that Trump's tariffs will worsen inflation and hinder economic stability for consumers and the Federal Reserve's goal of 2 percent inflation.
  • Judge James Boasberg ordered a pause on deportations, which the Trump administration allegedly defied, prompting criticism from White House Press Secretary Karoline Leavitt.
  • Democratic lawmakers expressed dissatisfaction with Senate Minority Leader Chuck Schumer's support of budget cuts, leading to calls for his leadership reconsideration.
  • Powell remarked that inflation is affected by tariffs, noting the Summary of Economic Projections indicates little progress on inflation this year.
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Posthaste: Hope dims that Canada can escape the next round of Trump tariffs unscathed

As the tariff deadline on April 2 nears, hope is dimming that Canada can escape unscathed. Read what the economists say

·Canada
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  • 36% of the sources lean Right
36% Right

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The New Republic broke the news in on Wednesday, March 19, 2025.
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