Jerome Powell warned that sweeping tariffs will lead to more inflation

Federal Reserve Chairman Jerome Powell has warned that President Donald Trump’s sweeping tariffs could lead to “more persistent” inflation, raising concerns about tension between the Fed’s goals of price stability and employment. Speaking at a recent conference, Powell said the tariffs could create a challenging scenario for the economy. His comments marked his strongest criticism yet of Trump’s trade moves, which have rattled markets—sending the Dow down over 600 points during his speech. With broader tariffs on the table, Powell may again clash with Trump, echoing tensions from the former administration.

#trump #donaldtrump #tariffs #trumpnews #usa