#PowellRemarks #PowellRemarks At a tense press conference in Washington, Federal Reserve Chair Jerome Powell did not hold back: Trump's tariffs *are already* raising prices — and this is just the beginning.
Powell warned that it is the U.S. consumers who will bear the brunt, as companies throughout the supply chain try to avoid costs. Inflationary pressure is rapidly mounting, and Powell pointed directly at the tariffs.
"We are starting to see some consequences," he said, adding that tariffs take time to reflect on the economy. But don't be fooled — they will *hit* your wallets. From manufacturers to importers and retailers, no one wants to pay. But someone will pay. And that will likely be you, the consumer.