Federal Reserve Prepares for Potential Tariff Impact on Inflation

According to Odaily, Federal Reserve Chairman Jerome Powell has expressed concerns that potential tariffs could have a lasting impact on inflation. The Federal Reserve is prepared to wait and consider adjustments to ensure that rising prices do not lead to sustained inflation. Powell emphasized that the economic impact of tariffs might be greater than anticipated, and the Federal Reserve is obligated to maintain stable inflation expectations. Tariffs could elevate inflation in the coming quarters, and there is a possibility of ongoing effects.