Federal Reserve chief says Trump tariffs likely to raise inflation, slow US economic growth

Federal Reserve chief says Trump tariffs likely to raise inflation, slow US economic growth https://www.taxtmi.com/news?id=39810 New import tariffs are expected to raise inflationary pressures and slow US economic growth, and the Federal Reserve will prioritize preventing a one-time price increase from becoming ongoing inflation. Fed Chair Jerome Powell regards the tariffs' effects as larger than expected and views a temporary rise in inflation as highly likely; consequently, the Fed is likely to keep its benchmark rate steady to maintain price level stability despite weaker growth signals. en-us Fri, 04 Apr 2025 21:16:03 +0530 Fri, 04 Apr 2025 21:16:03 +0530 TaxTMI RSS Generator Federal Reserve chief says Trump tariffs likely to raise inflation, slow US economic growth https://www.taxtmi.com/news?id=39810 New import tariffs are expected to raise inflationary pressures and slow US economic growth, and the Federal Reserve will prioritize preventing a one-time price increase from becoming ongoing inflation. Fed Chair Jerome Powell regards the tariffs' effects as larger than expected and views a temporary rise in inflation as highly likely; consequently, the Fed is likely to keep its benchmark rate steady to maintain price level stability despite weaker growth signals. News - Fri, 04 Apr 2025 21:16:03 +0530 https://www.taxtmi.com/news?id=39810