From Dow Jones & Company: 2025-04-16 13:30:00

Federal Reserve Chair Jerome Powell warned that President Trump’s tariff policy could lead to stagflation, with higher inflation and slower growth. Powell stated that the tariff increases announced are larger than expected, with significant economic effects likely. This poses a challenge for central bank officials, as they aim to balance promoting maximum employment and stable prices. Powell delivered these remarks at the Economic Club of Chicago, highlighting the potential economic impact of current trade policies. The situation presents a complex scenario for policymakers to navigate in the coming months.



Read more at Dow Jones & Company: Powell Warns of ‘Challenging Scenario’ as Fed Tackles Higher Inflation, Slower Growth