Powell Warns Trump's Tariffs Risk Stoking Even Higher Inflation Slower Growth
1. Powell warns tariffs may raise inflation and slow economic growth. 2. Expectations for interest rate cuts by Fed may shift due to inflation risks. 3. Elevated uncertainty could lead to higher unemployment, impacting the economy. 4. Tariff-induced inflation could have immediate and long-term effects on prices. 5. Fed's goal is to prevent temporary price rises from becoming persistent inflation.