Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,

Fed Chair Jerome Powell warned on Friday that President Donald Trump’s sweeping tariffs would likely push inflation higher, dampening investors’ hopes that the central bank would cut interest rates later this year.

Speaking at a conference on Friday, Federal Reserve Chair Jerome Powell said “it is now becoming clear that the tariff increases will be significantly larger than expected,” and the economic

Presented by National Council on Aging{beacon}Trump pressures Powell; Dow drops 2k points President Trump and Federal Reserve Chair Jerome Powell shared vastly different views Friday on the

President Donald Trump called on Federal Reserve Chair Jerome Powell to slash interest rates, reiterating his longstanding desire for the central bank to keep rates low to stoke consumer demand.

President Trump called on Federal Reserve Chair Jerome Powell to cut interest rates. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image,