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Federal Reserve Chair Jerome Powell said that President Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties https://t.co/NRsScHuy7z
Federal Reserve Chair Jerome Powell said that President Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties. https://t.co/piCtLhB6MD
Powell: Inflationen från tullar kan ihållande https://t.co/XXQVzEIxEF
Federal Reserve Chair Jerome Powell has indicated that the tariffs implemented under President Donald Trump's administration are expected to cause an increase in inflation in the coming months. Powell noted that all forecasters anticipate a rise in inflation due to these tariffs, which are also likely to weigh on economic activity. Despite some Republican senators accusing Powell of bias against the tariffs, he maintained that the increased tariffs will push up prices and have a persistent inflationary effect on the economy.
