inflation, Trump and Powell
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Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain out...
From CNN
US bond traders have moved to price in a burst of inflation from Donald Trump’s tariff war, piling pressure on the Federal Reserve as it seeks to cut interest rates to support an economy that is being...
From The Financial Times
On average imports may now carry a tax as high as 27%, Citi economists estimated, with higher levies on some types of goods and some countries and lower ones on others.
From Reuters
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"While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent," Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington, D.C.
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Mediaite on MSNFed Chair Warns Trump Tariffs Will Lead to ‘Higher Inflation’ And Slow Economic GrowthWhile tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.”
President Trump is pushing an aggressive policy against America's main trading partners that economists broadly agree will drive up inflation.
Federal Reserve Chair Jerome Powell said there is a need to carefully monitor the impact of trade policies before deciding on any adjustments to monetary policy.
Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the economic impact could be more severe than anticipated — with inflation rising and growth slowing amid growing uncertainty.
(Reuters) -San Francisco Federal Reserve Bank President ... but the recent plateauing of inflation progress gives her less confidence in that outlook, and with the labor market solid and the ...
A fresh reading of the Fed's preferred inflation gauge is set to greet an ailing stock market as tariff uncertainty continues to weigh on markets.
While tariff-driven inflation could prove short-lived, Federal Reserve Bank of Boston President Susan Collins said it’s possible price pressures could prove more persistent.