Jerome Powell Surprised by Tariffs: Risks Higher Inflation, Slower Growth
Powell's emphasis on controlling inflation suggests the Fed is likely to hold its benchmark interest rate at around 4.3 percent.
S&P 500 plunges 6% to close its worst week since 2020 after China retaliates against Trump’s tariffs
The S&P 500 was down 3.5% in morning trading, coming off its worst day since COVID wrecked the global economy in 2020.
Jobs, the Economy, and Tariffs: What to Watch in Powell's Speech
Federal Reserve Chairman Jerome Powell is set to take the stage on Friday in the wake of the latest snapshot of the U.S.
Powell Says Tariffs Could Lead to Higher Inflation, Slower Growth
Powell said Friday the economic effects of President Donald Trump’s massive tariff hikes could be larger than expected, ...
Jerome Powell goes against Donald Trump, warns tariffs could stoke inflation flames, signals Fed will hit pause on rate moves until economic dust settles
Jerome Powell warns that Trump’s tariffs could drive inflation higher and slow economic growth. The Federal Reserve is ...
Fed Chair Jay Powell explains why he's always wearing a purple tie: 'We are strictly nonpolitical'
So it turns out, there's a reason why Federal Reserve Chair Jerome Powell is always wearing a purple tie at his press ...
Jerome Powell warns on Trump’s tariffs: High inflation could be here to stay
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.
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Fed chair: Tariffs could hike inflation, but more details needed
Powell’s public appearance comes as Trump’s “Liberation Day” tariffs continue to rock economic markets worldwide.