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.
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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 …


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
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Bias Distribution
- 36% of the sources lean Right
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