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Powell: Fed Must Consider Costs of Being Wrong on Inflation
Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.
U.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Fed ...
Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete ...
US President Donald Trump escalated his attacks on Federal Reserve Chair Jerome Powell, calling him “terrible” and revealing ...
The Fed remains in a holding pattern, keeping rates unchanged as inflation risks from tariffs and economic uncertainty ...
Powell said the Federal Reserve will not cut interest rates until the impact of tariffs on inflation is clearer.
It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...
Her remarks signal a shift within the central bank and highlight growing internal tension over whether the Fed should move ...
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