Tariffs Will Increase Inflation, Jerome Powell Warns—As Trump Pressures Fed To Cut Rates
1. Powell indicates tariffs will significantly inflate prices and slow growth. 2. Fed likely to maintain interest rates at 4.3% despite market hopes for cuts. 3. Tariffs will raise prices on imports like cars and food items. 4. Core inflation rate is at 2.8%, above the Fed's 2% target. 5. Economic growth slowdown raises uncertainty over future monetary policy decisions.