Jerome Powell sounds warning on Trump’s tariffs: ‘Highly likely’ to raise prices, ‘continued volatility’ in the markets, and the looming threat of stagflation
In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming threat of stagflation.
During a speech at the Economic Club of Chicago, Federal Reserve Chair Jerome Powell said the central bank was focused on ensuring price increases caused by President Donald Trump’s tariffs didn’t persist.
Jamie Kelter Davis—Bloomberg/Getty Images
