#PowellRemarks

What’s Up with Powell and Tariffs?

Heads up: Fed Chair Jerome Powell just dropped a warning that could shake things up.

He’s weighing in on former President Trump’s proposed tariffs — and he’s not exactly thrilled. According to Powell, those new tariffs could lead to:

Higher inflation

Slower economic growth

So, what’s the big deal?

Trump’s idea is to hike tariffs (basically taxes on imports) to protect American industries. But Powell says that could backfire by making everyday goods more expensive — and that’s inflation 101.

And when prices go up too much? People spend less. Businesses slow down. The economy takes a hit.