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US Federal Reserve warns of inflation, unemployment from Trump tariffs

Quotes

    • 88:88
      Fast-forward a year from now, the uncertainty should be much lower,
      The Manila Times
      he noted
    • 88:88
      It’s not just foreign cars that will go up; all the American cars, their prices are going to go up, too,
      The Independent
      he said, adding
    • 88:88
      Jerome Powell
      CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!"
      CNA
      added Trump, who first nominated Powell to run the Fed, before turning against him during his first term
    • 88:88
      I fully intend to serve all of my term,
      CNA
      he said during the Virginia event
    • 88:88
      We are well-positioned to wait for greater clarity before considering any adjustments to our policy stance. It is too soon to say what will be the appropriate path for monetary policy,
      Asianet Newsable
      he said
    • 88:88
      Powell’s comments support our view that the Fed is not poised to rush in and cut interest rates anytime soon, despite President Trump’s call right ahead of Chair Powell’s comments to do so,
      The Jerusalem Post
      Nationwide Chief Economist Kathy Bostjancic said
    • 88:88
      Jerome Powell
      We are closely watching this tension between the hard and soft data. As the new policies and their likely economic effects become clearer, we will have a better sense of their implications for the economy and for monetary policy,
      The Jerusalem Post
      Powell said
    • 88:88
      The Fed is in a tough spot with inflation set to accelerate and the economy poised to slow,
      Time
      said Kathy Bostjancic, chief economist at Nationwide
    • 88:88
      Jerome Powell
      Our obligation is to ... make certain that a one-time increase in the price level does not become an ongoing inflation problem,
      Time
      Powell said in remarks being delivered in Arlington, Virginia
    • 88:88
      Jerome Powell
      While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,
      Guardian
      said Powell
    • 88:88
      Jerome Powell
      This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always "late," but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!"
      Newsweek
      Ahead of Powell's remarks on Friday, President Trump posted on Truth Social
    • 88:88
      Jerome Powell
      While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent,
      Politico
      Powell said
    • 88:88
      He is always ‘late’, but he could now change his image, and quickly,
      Politico
      Trump wrote
    • 88:88
      Jerome Powell
      It feels like we don’t need to be in a hurry” to change rates
      Politico
      Powell said
    • 88:88
      The same is likely to be true of the economic effects, which will include higher inflation and slower growth,
      CNBC
      he said
    • 88:88
      This would be a perfect time for Fed Chairman Jerome Powell to cut interest rates,
      CNN
      Trump wrote
    • 88:88
      We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,
      CNN
      he said at an event just outside Washington, DC
    • 88:88
      Philip Jefferson
      If uncertainty persists or worsens, economic activity may be constrained,
      CNN
      Fed Vice Chair Philip Jefferson said Thursday at an event in Atlanta
    • 88:88
      We expect a significant inflationary impulse that...will likely fuel further and broader rises in inflation expectations and actual inflation itself,
      Reuters
      they wrote