On the recordMay 6, 2025
if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and a rise in unemployment.
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commondreams.orgJerome Powell: “if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in…”
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Powell discusses the potential negative effects of sustained tariff increases on the economy.
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More from Jerome Powell
Oct 14, 2025
without the ability to pay interest on reserves, the Fed would lose control over rates
Jul 1, 2025
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
Jul 1, 2025
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Jun 30, 2025
Tariffs this year are likely to push up prices and weigh on economic activity.
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