Fed's Powell sees Trump's tariffs RAISING inflation
Mădălin Mihai
Noting that President Trump's tariffs could both push up inflation and slow the economy, Federal Reserve Chair Jerome Powell said Friday the central bank will be especially vigilant about keeping inflation in check and won’t move on interest rates until it gets a clearer picture on the ultimate impacts. “Our obligation is to keep longer-term inflation expectations well anchored to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said
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