Fed's Powell warns tariffs will boost inflation and slow growth

President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank. For more information, FRANCE 24's Gavin Lee interviewed Mignon Houston. Further analysis by George Magnus and Fraser Jackson.

Apr 4, 2025 - 22:00
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Fed's Powell warns tariffs will boost inflation and slow growth
President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank. For more information, FRANCE 24's Gavin Lee interviewed Mignon Houston. Further analysis by George Magnus and Fraser Jackson.

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