Arlington, VA. (AP) – Trump Administration Extensive new tariffs It will likely lead to higher inflation and slower growth for the US economy, the Federal Reserve Chair is CRIDEEL CHIDE.
Powell said that the tariffs and probable effects About economics and inflation“It is much larger than expected.” He said the import taxes would likely cause “at least a temporary increase in inflation”, but “the effects are more sustainable.”
“Our commitment … Make sure that the one-time increase in price level is not the problem of continuing inflation,” said Powell, said he was conveyed to the conference of the Society for Work Editing and Writing.
Powell’s reference to inflation shows that instead of cutting them in the coming months, instead of cutting them in the near future.
Higher debt costs can help slow down the economy slow and cool inflation.
Wall Street Investors, at this time, increased a number waiting for a five percentage rate this year Since President Donald Trump has declared tariffs Wednesday.
Powell stressed that the fate effects of tariffs are still not clear to the economy, and the Fed will be left out until the economy is more clear. He acknowledged that new investments were arrested until many enterprises receive a better sense of tariffs.
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“During the word and answer session, Powell said:” It’s a lot to wait, including us, “he said.” And it seems like something right to make this uncertainty period. “
Trump, a social media platform, the truth called to reduce Powell to reduce low-inflation and energy prices.
“This would be the perfect time to reduce the interest rates of the Fed Chairman Jerome Powell” Trump write. “Cut interest rates, stop playing Jerome and politics!”
Economists expect tariffs to be weaken the economyPerhaps threatens the recruitment and pushes prices. In this scenario, the Fed can cut the ratios to strengthen the economy or can keep the ratios unchanged – or even increase them – to fight inflation. Powell’s comments show that the FED will be focused mainly in inflation.
Powell’s records, Two days after presenting tariffs that opened the tariffs that rose to the global economy of Trump Returns ChinaSent and sent stock prices in the United States and abroad turmoil.
The description of Powell’s tariffs was more negative last monthsaid that any inflation resulting in tariffs will be temporary.
Weak growth and higher prices are a difficult combination for Fed.
Typically, the Central Bank will reduce or reduce the economy to reduce debt costs and reduce the economy in a slower economy and slow down and fight inflation.
“The Fed is in a toughest place in acceleration and preparing to slow the economy,” he said.
The Fed is required by law to seek the maximum employment and price stability determined by annual inflation annual inflation.
Powell acknowledged that tariffs that can cause work loss, as well as tariffs that can further achieve these goals can make these goals further difficult.
“Two goals … can be in tension – or,” he said.
Powell said that the economy and hiring were so far, but noted that consumers and enterprises became more pessimistic to the future.
He said that in 2022, he fell sharply from the peak of inflation, but recently said that the Central Bank has moved forward with two percentage of the Central Bank. “
Some positive news came on Friday when the government states that he hired in March 228,000 jobs addedUnemployment rate up to 4.2%, up to 4.1%.
However, these figures are hired in mid-March, the volume of responsibilities became known.
Tariffs also raised the uncertainty of how the economy will be tariff in the coming months, which will be able to restrict the fact that enterprises are ready to invest.
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