Powell Warns Inflation to Worsen, Tariffs Impact Fed Decisions
Update: 2025-12-12
Description
Federal Reserve Chair Jerome Powell warns of worsening inflation, attributing it to ongoing tariff impacts. He suggests interest rates may remain elevated longer than expected, potentially slowing economic growth. Despite projections of inflation falling to 2.4% by 2026, Powell cautions that inflation could rise before then. The Feds dual mandate of low inflation and strong job market remains uncertain, with interest rate decisions hinging on upcoming economic data.
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