Tariffs Are Pushing Up Some Prices, Powell Says
Federal Reserve Chair Jerome Powell says tariffs are pushing up the prices of some goods, resulting in higher overall inflation. But he says these impacts could be short-lived. He speaks...
By Bloomberg Markets · Bloomberg Markets
Federal Reserve Chair Jerome Powell says tariffs are pushing up the prices of some goods, resulting in higher overall inflation. But he says these impacts could be short-lived. He speaks in Washington after the Fed cut interest rates by a quarter percentage point. (Source: Bloomberg)