April 10, 2025 11:32:52 UTC
U.S CPI Report : Powell Warns Tariffs May Elevate Inflation and Hinder Growth
Federal Reserve Chair Jerome Powell, in his latest speech, expressed concern over the escalating tariffs, noting they are significantly larger than anticipated and pose substantial risks to price stability and economic growth. He highlighted that these tariffs are likely to lead to higher inflation, potentially reflected in upcoming Consumer Price Index (CPI) reports, and could dampen economic expansion. Powell emphasized the Federal Reserve’s commitment to closely monitor these developments and maintain a cautious approach, refraining from premature interest rate adjustments to ensure economic stability.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
