#PowellRemarks Trump’s proposed new tariffs could bring some serious consequences:

1️⃣ Higher Inflation 📈

2️⃣ Slower Economic Growth 🐢

What does that mean?

Trump’s idea of raising tariffs (aka taxes on imported goods) might sound like a way to protect American businesses 🇺🇸, but Powell warns it could make everyday goods more expensive 🛒💸 – and that’s inflation.