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“If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,” Federal Reserve Chair Jay Powell says.

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jay millervor 1 Jahr

What do you have to say about that Trumpy 🤷‍♂️

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Scott Laganavor 1 Jahr

Will not effect inflation

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The Washington Postvor 1 Jahr

Here’s what could get more expensive with Trump’s new tariffs.

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Eric Fvor 1 Jahr

Instead of addressing our current economy. The FED is speculating on a new scenario regardless of current economic data. It's almost like the 90% democrat body of bankers want @POTUS's economy to fail. Corruption at the FED must be huge. @FBIDirectorKash, @DOGE

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Mike | Value Investorvor 1 Jahr

Powell isn’t mincing words: sustained tariffs are a triple threat — higher inflation, slower growth, and rising joblessness. Trade wars don’t end with winners, just economic wounds.

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BREAKING: Fed Chair Jerome Powell warns that Trump’s tariffs are leading to higher inflation. “The level of tariff increases…is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation. Even worse, Powell says it will cause “slower growth” for the economy. Trump has destroyed our economy.
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“Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent,” Federal Reserve Chair Jerome Powell said today at the Economic Club of Chicago, warning that the scope of Trump’s recent tariff hikes has introduced major uncertainty into the economic outlook. ➤ Powell said the scale of the tariffs “exceeds expectations” and could force the Fed into a rare conflict between its dual mandate of maximum employment and stable prices, as tariffs risk both higher inflation and slower job growth. ➤ He said the Fed will “wait for greater clarity” before adjusting interest rates, while reaffirming the importance of keeping long-term inflation expectations anchored. ➤ Powell noted that first-quarter growth has slowed, with modest consumer spending and falling business sentiment amid tariff uncertainty. ➤ Stocks dropped sharply during his remarks as markets reacted to the warning.
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BREAKING: Fed Chair Powell warns that Trump’s tariff policy is delivering economic shock, worse than expected. Summary of FED remarks: - Trump Tariffs are driving higher unemployment, higher inflation, and slower growth. - Immigration is part of why the US economy has been so strong the last couple of years. - Economic growth has likely already cooled in early 2025 compared to last year [when Biden was in office]. - The disruption may derail the Fed’s ability to hit its targets - Auto supply chains could remain unstable for years because of Trump’s tariffs - The Smoot-Hawley tariffs were not this large and they were 95 years ago
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BREAKING: Fed Chair Powell warns that Trump’s tariff policy is delivering economic shock, worse than expected. Summary of FED remarks: - Trump Tariffs are driving higher unemployment, higher inflation, and slower growth. - Immigration is part of why the US economy has been so strong the last couple of years. - Economic growth has likely already cooled in early 2025 compared to last year [when Biden was in office]. - The disruption may derail the Fed’s ability to hit its targets - Auto supply chains could remain unstable for years because of Trump’s tariffs - The Smoot-Hawley tariffs were not this large and they were 95 years ago

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WARREN: What has changed in the last six months that has caused the Fed to forecast substantial higher inflation, somewhat higher unemployment, and lower economic growth than you did in December? POWELL: Some of it is people working in the possible effects in the short term of tariffs
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WARREN: What has changed in the last six months that has caused the Fed to forecast substantial higher inflation, somewhat higher unemployment, and lower economic growth than you did in December? POWELL: Some of it is people working in the possible effects in the short term of tariffs

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