|
Powell says Fed remains in wait-and-see mode; markets processing policy shifts By America-Today Apri 17£¬2025
Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key indicators "still show a solid economy." Policy changes implemented by the White House have contributed to a "highly uncertain outlook," Powell said, making the remarks as stocks plummeted amid an escalating global trade war. Despite the murky outlook, Powell said Trump's tariffs would likely increase consumer prices. "While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent," Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington, D.C. Minutes before Powell was set to speak, Trump sharply criticized the Fed chair, calling on him to reduce interest rates. |
¡¡
¡¡
¡¡