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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 · 3d

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

Inflation up, spending down

The New York Times · 22h

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.

Deseret News on MSN · 17h

Inflation up, spending down as Trump continues to slam the Fed

Inflation ticks up in May as consumer spending and income levels decline, a mixed bag that suggests a slowing U.S. economy

Associated Press News on MSN · 23h

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 on their spending.

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 ...

18h

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 ...

19h

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" ...

1don MSN

White House says pick to replace Fed’s Powell not ‘imminent’ after Trump floats ‘3 or 4’ candidates

No decisions are imminent, although Trump has the right to change his mind and many good options to nominate as the next ...

1d

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 ...

4don 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 ...

4d

Powell Tells Congress Fed Remains Committed to Fighting Inflation Amid Uncertainty Over the Impact of Tariffs

The Federal Reserve chairman says he still does not know how much of an impact President Donald Trump’s tariffs will have on ...

Daily Voice Berks County, PA on MSN1d

Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy

Consumer spending cooled in May as inflation crept higher, signaling new pressure on Americans' wallets amid President Donald ...

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