On the recordJune 24, 2025
The things that are sold at retail now might have been put into inventory before the tariffs, so we think we should see [higher prices] over the summer.
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cbsnews.comEditor's note · Context
Powell explains potential price increases due to tariffs affecting inventory.
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More from Jerome Powell
Jul 1, 2025
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
Jul 1, 2025
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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