Trump's Tariffs ‘Highly Likely' To Boost Inflation, Says Fed Chair Powell
1. Powell warns tariffs will likely worsen inflation rates. 2. Increased prices could stall Fed rate cuts amid economic volatility. 3. S&P 500 fell 2.2% following Powell's cautious remarks. 4. Tariffs create tension between Fed's goals of price stability and job growth. 5. Market uncertainty impacts technology stocks significantly; major declines observed.