US EditionPowell sees tariffs raising inflation and says Fed will wait before further rate moves
- Federal Reserve Chair Jerome Powell stated that tariffs from the Trump administration may raise inflation and slow economic growth, indicating it is too soon to adjust monetary policy.
- The S&P 500 fell 5.2%, marking its worst two-day drop since March 2020, as markets reacted to intensified tariffs.
- Higher tariffs may affect major trading partners like China and the European Union, with China facing a new 54% levy.
- Donald Trump insisted that his tariffs would not change, despite potential economic impacts.
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Fed chair warns Trump's tariffs will worsen inflation and lower economic growth
Federal Reserve Chairman Jerome Powell warned Friday that Trump's strict tariffs will worsen inflation and lower economic growth. As a result, the Fed won't change interest rates for now.
·Washington, United States
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Tariffs Could Cause Inflation to Persist, Weigh on US Growth, Says Fed Chair Powell
President Donald Trump’s sweeping tariffs could lead to persistent inflation and slower economic growth, Federal Reserve Chair Jerome Powell said on April 4. The White House recently unveiled its sweeping trade agenda, revealing 10 percent baseline universal tariffs and higher reciprocal levies on advanced and developing economies. The central bank chief said that the U.S. tariff rates were higher than expected, which could have adverse economic…
·New York, United States
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Total News Sources215
Leaning Left28Leaning Right24Center75Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 22%
C 59%
R 19%
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