On the recordApril 3, 2025
it is also possible that the effects could be more persistent
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cbsnews.comit is also possible that the effects could be more persistent
Powell warned that the inflation effects from tariffs might last longer than expected.
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So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.