On the recordApril 15, 2025
The same is likely to be true of the economic effects, which will include higher inflation and slower growth.
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cbsnews.comThe same is likely to be true of the economic effects, which will include higher inflation and slower growth.
Powell warns about the economic impact of Trump's tariffs.
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More from Jerome Powell
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.