Jerome Powell warns about the impact of tariff increases on the Federal Reserve. Find out more about his speech and its implications.
Jerome Powell, the head of the Federal Reserve, warned in his speech at the Economic Club of Chicago that despite the US economy being resilient amid slowing growth and stable inflation, new trade policies could create uncertainty. Powell emphasized that tariffs could increase inflation and slow down economic activity. He said, ‘We may find ourselves in a challenging situation where our dual objectives are in tension with each other.’ According to him, the Federal Reserve will wait for clearer data before adjusting policies. These remarks have cast a shadow on stock and digital currency markets.
