#PowellRemarks Federal Reserve Chair Jerome Powell warned that President Trump's newly announced tariffs are larger than anticipated and are likely to lead to higher inflation and slower economic growth. Speaking at a conference in Virginia Powell indicated that while the exact impact remains uncertain the tariffs could cause at least a temporary rise in inflation with the potential for more persistent effects. He emphasized the Federal Reserve's commitment to ensuring that a one-time increase in the price level does not evolve into an ongoing inflation problem