On the recordApril 3, 2025
significantly larger than expected
Source
cbsnews.comsignificantly larger than expected
Powell stated that the economic impacts of tariffs are more severe than anticipated.
Share
More from Jerome Powell
Part of that is due to the start-stop nature of the tariffs that have been introduced.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.
Tariffs this year are likely to push up prices and weigh on economic activity.