Federal Reserve Chairman Jerome Powell emphasized that policymakers must guard against the risk of sustained inflation resulting from President Trump's tariff measures.
He stated that the impact of tariffs on consumer prices is &#34;now clearly visible,&#34; but it is reasonable to expect these effects to be relatively short-lived.
&#34;However, the upward pressure on prices from tariffs could also trigger more persistent inflation dynamics, which is a risk that needs to be assessed and managed,&#34; Powell said.
&#34;When our goals are in this state of tension, our policy framework requires us to seek a balance between the two aspects of our dual mandate,&#34; he added

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Federal Reserve Chairman Jerome Powell emphasized that policymakers need to guard against the persistent inflation risks caused by Trump's tariffs. He pointed out that the impact of tariffs on consumer prices has already emerged, and while the effects are expected to be temporary, they could also trigger lasting inflation dynamics that need to be assessed and managed. He mentioned that in this tense situation, the policy framework requires seeking a balance between the dual mandate

Powell emphasizes: Policymakers must guard against the risk of sustained inflation caused by Trump tariffs