In a speech given in Virginia, Federal Reserve Chairman Jerome Powell stated that he expects the tariffs imposed by President "Donald Trump" to lead to a rise in inflation and a decrease in economic growth in the United States.

He added that the announced tariffs were much higher than expected and that the Fed would not adjust its monetary policy until the full picture becomes clear.
Powell emphasized that the U.S. economy appears strong at the moment, but these protectionist policies threaten that growth.
He indicated that it is too early to determine the appropriate course for monetary policy, but efforts should be made to stabilize long-term inflation expectations.
He also emphasized that the Federal Reserve is not responsible for trade, immigration, or fiscal policies, and the economic effects of the new policies remain uncertain. In a speech delivered in Virginia, Federal Reserve Chairman Jerome Powell stated that he expects the tariffs imposed by President "Donald Trump" to lead to a rise in inflation and a reduction in economic growth in the United States.
He added that the announced tariffs were much higher than expectations and that the Fed would not adjust its monetary policy until the picture is fully clear.
Powell emphasized that the American economy appears strong at the moment, but these protectionist policies threaten that growth.
He pointed out that it is too early to determine the appropriate course for monetary policy, but efforts must be made to stabilize long-term inflation expectations.
He also emphasized that the Federal Reserve is not responsible for trade, immigration, or fiscal policies, and the economic effects of the new policies remain uncertain. In a speech given in Virginia, Federal Reserve Chairman Jerome Powell stated that he expects the tariffs imposed by President "Donald Trump" to lead to a rise in inflation and a reduction in economic growth in the United States.
He added that the announced customs duties were much greater than expected and that the Federal Reserve would not adjust its monetary policy until the picture is completely clear.
Powell emphasized that the U.S. economy appears strong at the moment, but these protectionist policies threaten that growth.