Fed Chair Jerome Powell Speaks About Inflation In An Interview With Economist Raghuram Rajan | N18G

Professor Raghuram Rajan of the University of Chicago Booth School of Business, speaks with Chair of the Board of Governors of the Federal Reserve System Jerome Powell during an event hosted by the Economic Club of Chicago, Wednesday, April 16, 2025, in Chicago.

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Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs to lead to further inflation.

Powell made the comments during an event hosted by the Economic Club of Chicago, where he spoke about the state of the U.S. economy.

“Tariffs are highly likely to generate at least a temporary rise in inflation,” he said. “The inflationary effects could also be more persistent. Avoiding that outcome will depend on the size of the effects, on how long it takes for them to pass through fully to prices, and, ultimately, on keeping longer-term inflation expectations well-anchored.”

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