US President Donald Trump's tariffs are expected to lead to higher inflation and slower economic growth, according to Federal Reserve Chair Jerome Powell. Powell warns that the tariff increases will be larger than anticipated, and the economic effects will include higher inflation and slower growth. He also states that it is premature to consider adjusting US monetary policy at this time.
image sourced from original article at https://www.timesofisrael.com/liveblog_entry/trump-tariffs-likely-to-cause-higher-inflation-slower-growth-us-fed-chair/Original article source: https://www.timesofisrael.com/liveblog_entry/trump-tariffs-likely-to-cause-higher-inflation-slower-growth-us-fed-chair/
Source Id: 2025-04-681167003
