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Powell: Tariffs Elevate Inflation Expectations; No Rush to Adjust Rates
Federal Reserve Chairman Jerome Powell, speaking at a press conference, stated that the U.S. economy remains strong, despite heightened risks of rising unemployment and inflation, ...
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Federal Reserve Chairman Jerome Powell, speaking at a press conference, stated that the U.S. economy remains strong, despite heightened risks of rising unemployment and inflation, emphasizing no urgency to adjust interest rates.

He added that numerous surveys indicate tariffs are elevating inflation expectations and complicating GDP measurements due to trade issues, though the repercussions of tariff policies on inflation may be brief.

Related NewsISM Services PMI for Apr in United States is 51.6, higher than the previous value of 50.8. The forecast was 50.6.

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