#PowellRemarks The Chairman of the Federal Reserve, Jerome Powell, stated that President Donald Trump's new tariffs are "larger than expected" and that their economic impact— including higher inflation and slower growth— could also be more severe.

Powell emphasized that the Federal Reserve is facing an uncertain outlook, as the new tariff policies could exert long-term inflationary pressure on the economy. Meanwhile, U.S. stock markets have fallen by 10% since Trump announced the new tariffs.

Although the Federal Reserve is not in a hurry to adjust its monetary policy, it will closely monitor the impact of these tariffs. At the same time, China has responded with a 34% tariff on American goods and restrictions on exports of critical minerals, exacerbating trade tensions.

Federal Reserve officials warn that inflation risks are rising as the economy shows signs of slowing, raising concerns about potential stagflation.