US EditionTrump's tariffs "highly likely" to reignite inflation, Fed chair Powell says
- Fed Chair Jerome Powell stated that President Donald Trump's tariffs will likely raise prices and slow economic growth.
- Powell warned that tariffs could cause a temporary rise in inflation that might become persistent.
- He mentioned that tariffs are likely to move us away from our goals, highlighting the Fed's aim of cost control alongside employment stability.
- The announced tariff increases are larger than expected, indicating higher inflation and slower growth.
265 Articles
265 Articles
Trump’s tariff gamble backfires as Fed Chair Jerome Powell issues stark economic warning
President Donald Trump’s ongoing tariff strategy faced a serious rebuke this week, as Federal Reserve Chair Jerome Powell delivered a sober warning about the administration’s trade policies — and the economic turbulence they are fueling.Speaking Wednesday at the Economic Club of Chicago, Powell didn’t mince words. He warned that the White House’s escalating tariffs are “highly likely” to drive up inflation and slow economic growth. Financial mar…
Fed chair won’t take orders from Trump—and that’s got Trump fuming
President Donald Trump erupted at Federal Reserve Chair Jerome Powell—again—after he correctly warned that Trump’s chaotic tariffs would fuel inflation and drag down the economy. Speaking Wednesday at the Economic Club of Chicago, Powell said that the...
Listen here to what Puerto Rican political figures had to say about the economic impact the tariffs will have on Puerto Rico.
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