Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.” [Source]
Publication Date:Origin: nytimes.com
Category: Banking and Financial Institutions
Topics: Powell, problem, inflation, ongoing, become, level, price, increase, “one-time, ensure, “obligation”, bank’s, central, Reserve, Federal, chair, Jerome, Growth, Slower, Inflation, Higher, Stoking, Tariffs, Trump’s, Warns
Source: https://www.nytimes.com/2025/04/04/business/economy/powell-trump-tariff-inflation-risk.html