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Trump tariffs will drive up inflation, Federal Reserve Chair Jerome Powell tells Economic Club of Chicago
The economy will likely stumble as it adjusts to new trade policies announced by the Trump administration, Federal Reserve Chair Jerome Powell said Wednesday. But it’s unknown whether any inflationary effects will be long term or a one-time hit for businesses and consumers.
Federal Reserve Chair Jerome Powell will give a speech Wednesday afternoon in Chicago, as U.S. consumers and companies brace for the impact of President Trump’s sweeping tariff agenda.
Federal Reserve Chair Jerome Powell on Wednesday cautioned that the central bank could face a "challenging scenario" of managing both accelerating inflation and a slowing economy brought on by the ...
Investors stepped up their selling of U.S. stocks after Federal Reserve Chairman Jerome Powell said policymakers will stand down on any rate moves, mainly because President Donald Trump's tariffs ...
Markets took a dive Wednesday after Federal Reserve Chair Jerome Powell painted a stagflationary picture of risks facing the economy, warning of both lower growth and higher prices as a result of ...
Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking ...
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Powell said before the Economic Club of Chicago, referring to the central bank’s twin ...
Read full article: Tallahassee surgeon says 6 FSU shooting victims in ‘fair’ condition Federal Reserve Chairman Jerome Powell speaks at the SABEW Annual Conference Society for Advancing ...
Stocks tanked after Federal Reserve Chair Jerome Powell said President Trump’s surprisingly stiff tariffs could keep inflation higher for longer than previously expected — forcing the central ...
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