Tariff risks leave both Trump and Fed's Powell handcuffed
Tariffs are coming April 2. Nobody knows what impact they'll have.
President Donald Trump and Federal Reserve Chairman Jerome Powell hinted at the impact that tariffs might have on the world's biggest economy, with both surprising investors by adopting a stance that seemed to contradict their previous views.
Speaking to reporters in Washington following the central bank's widely expected decision to hold interest rates steady at 4.375%, Powell said the Fed's new growth and inflation forecasts — which lowered GDP estimates while warning of renewed price pressures — underscored the tariff-related uncertainty the economy faces in coming months.
