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Powell: Fed committee discussing how tariffs drive inflation
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2024-12-19 04:02 9,132
Golden Finance reported that Federal Reserve Chairman Powell said that the Federal Reserve Board is discussing how tariffs promote inflation. The Federal Reserve has done a lot of work in this area and can make a careful evaluation of appropriate tariff policies. It is too early to draw any conclusions about the impact of the tariffs without knowing which countries they will target, their scale and duration. He also said that the 2018 tariff analysis is still a good starting point; there are many factors that will affect the impact of tariffs on consumer inflation.
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