Powell Warns of Inflation Risks from Continued Tariffs

Federal Reserve Chair Jerome Powell has warned of rising inflation risks stemming from sustained tariffs, signaling potential economic slowdown and higher unemployment rates. His statement on May 7, 2025, highlighted the impact of significant tariff increases, which could result in increased prices, slower economic growth, and a rise in joblessness. Powell’s message underscores the potential inflationary effects of long-term tariffs, potentially impacting indicators like inflation and economic growth.