#PowellRemarks

Federal Reserve Chairman Jerome Powell has commented on the economic impact of President Trump's tariffs, suggesting that while the tariffs were intended to protect American industries, they have led to higher costs for U.S. businesses and consumers. Powell has expressed concern that tariffs could disrupt global supply chains and contribute to inflationary pressures. He has also indicated that the Fed closely monitors these developments, as the economic consequences of trade tensions could influence U.S. monetary policy. Despite this, Powell has emphasized that the Fed's primary focus remains on achieving its dual mandate of stable prices and maximum employment.