Fed Chair: Tariffs Will Likely Cause High Inflation

Vandalia, IL, USA / Vandalia Radio

Apr 17, 2025 | 5:34 AM

(Chicago, IL) — The Federal Reserve chairman believes President Trump’s tariffs will likely have a major impact on the economy. Speaking yesterday at the Economic Club of Chicago, Jerome Powell said that he expects the tariffs to bring higher inflation and slower growth. He said despite the heightened uncertainty and downside risks, the U.S. economy is still in a solid position. Powell said the Fed will adopt a wait-and-see approach when it comes to lowering interest rates.

TR) Colin McIntyre/jbj