Jerome Powell said...

We've judged that the risk to higher inflation and unemployment has risen

Today, the amount of the tariff effects — the size of the tariff effects, their duration and the time it will take are a...

if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation...

What's tended to happen is when there's turmoil in the Middle East, you may see a spike in energy prices.