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Powell: Tariffs Result in Higher Inflations with Possible Persistent Effects

Summary by insidetrade.com
The Federal Reserve Bank’s board of governors now sees one-time price jumps as the most-likely “base case” effect from President Trump’s new and increased tariffs on a variety of goods, Federal Reserve Chair Jerome Powell said Wednesday, although he would not rule out the chance that the higher levies could have a more persistent impact. Powell and other Fed governors have previously said it was too soon to predict the tariffs' economic impacts …

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Undercurrent News broke the news in on Wednesday, October 29, 2025.
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