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Jerome Powell sounds warning on Trump’s tariffs: ‘Highly likely’ to raise prices, ‘continued volatility’ in the markets, and the looming threat of stagflation

Jerome Powell sounds warning on Trump’s tariffs: ‘Highly likely’ to raise prices, ‘continued volatility’ in the markets, and the looming threat of stagflation

By Paolo Confino, Fortune 

  • Inflation could rise and growth could slow as a result of President Donald Trump’s tariff policies, according to Federal Reserve Chair Jerome Powell. During a speech on Wednesday, Powell said the Fed’s top goal was keeping price increases from Trump’s tariffs limited to a one-time event, so inflation doesn’t linger. 

Federal Reserve Chair Jerome Powell sounded his strongest warning to date about the impact of President Donald Trump’s on-again, off-again tariffs.

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