On the recordJune 30, 2025
Tariffs this year are likely to push up prices and weigh on economic activity.
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usatoday.comTariffs this year are likely to push up prices and weigh on economic activity.
Powell explains the impact of Trump's tariffs on inflation.
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If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
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.