On the recordJune 24, 2025
increases in tariffs this year are likely to push up prices and weigh on economic activity
increases in tariffs this year are likely to push up prices and weigh on economic activity
Powell warns about the economic impact of potential tariff increases.
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More from Jerome Powell
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
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.