Powell Expects Tariff Impact on Inflation

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monetary policy report

CNBC

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US Politics

Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism

Summary

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86% Informative

Federal Reserve Chair Jerome Powell says he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.

Powell characterized economic growth as strong and the labor market to be around full employment.

The cautious tones could further antagonize President Donald Trump , who has ramped up his long-standing criticism of Powell .

Powell will present his comments, along with the Fed 's monetary policy report, to two congressional committees this week .

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formal

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English

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