#PowellRemarks In a speech delivered today, Friday, April 4, 2025, in Arlington, Virginia, Federal Reserve Chairman Jerome Powell warned that new tariffs announced by President Donald Trump could lead to rising inflation and slowing economic growth. Powell explained that these tariffs are much larger than expected, increasing the likelihood of negative economic consequences, including rising inflation and slowing growth.

Powell noted that the economy is facing a high degree of uncertainty amid rising risks associated with high levels of unemployment and inflation, making it difficult to achieve the Federal Reserve's goals of maximizing employment and price stability. He added that under such conditions, it is appropriate to wait for greater clarity before considering any changes to monetary policy.