Powell says tariffs likely to boost inflation, mum on future rate cuts
Federal Reserve Chairman Jerome Powell on Tuesday gave little sign of when U.S. interest rates will be reduced again, telling Congress that tariffs are likely to push up inflation and “weigh on economic activity.”
Federal Reserve Chairman Jerome Powell on Tuesday gave little sign of when U.S. interest rates will be reduced again, telling Congress that tariffs are likely to push up inflation and “weigh on economic activity.”
