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Fed, Jerome Powell and tariffs

Reuters on MSN · 2d

Powell says Fed needs to manage against risk that tariff inflation proves persistent

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,

The Wall Street Journal · 2d

Powell: Fed Must Consider Costs of Being Wrong on Inflation

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.

The Associated Press on MSN · 2d

Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the cha

Fed’s Preferred Inflation Gauge Was Slightly Hotter

NBC New York · 16h

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

The New York Times · 10h

The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.

Investopedia on MSN · 15h

The Fed's Preferred Inflation Gauge Was Higher Than Expected In May

Key Takeaways "Core" PCE inflation rose 2.7% over the year in May, higher than the 2.6% anticipated by forecasters.Officials at the Federal Reserve use core PCE prices to judge whether inflation is running at the 2% annual rate they target.

1h

Despite Tariffs, Inflation Remained Low In May

The best the Fed can do (whether or not tariff shocks appear) is keep nominal spending on a stable trajectory.

7h

Hassett: Inflation Is Lowest It's Been In 4 Years. If The Fed Were Data Driven, They Would Be Lowering Interest Rates

Director of the National Economic Council Kevin Hassett told "Special Report" host Bret Baier he has "high confidence" ...

6h

Trump Encourages Powell to Resign in Latest Attack on the Fed Chair

Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about ...

11hon MSN

Gloomy Americans cut back on spending as inflation ticks higher

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...

2d

Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week

It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...

15h

Semiannual Monetary Policy: Powell Tells Congress Why The Fed Won't Cut Rates Now

The Fed stays focused on inflation and employment, with no rate cuts expected soon. Check out my analysis on Fed policy and ...

3don MSN

Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' despite Trump criticism

The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism ...

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