Powell warns tariffs may fuel persistent inflation, economic hit bigger than expected.
🇺🇸 FED CHAIRMAN JEROME POWELL JUST SAID – ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED, MUST ENSURE PRICE HIKES DON’T LEAD TO ONGOING INFLATION – TARIFFS LIKELY TO RAISE INFLATION IN COMING QUARTERS. POSSIBLE TARIFFS COULD HAVE PERSISTENT INFLATION …