#PowellRemarks
đ¨đ¨ Fed Chair Powell Drops a Bomb on Trump Tariffs and Inflation đ¨đ¨
In a tense press conference in Washington, Federal Reserve Chair Jerome Powell did not hold back: Trump tariffs *have already* raised prices â and this is just the beginning.
Powell warned that U.S. consumers will bear the burden as businesses throughout the supply chain try to avoid costs. Inflationary pressures are building rapidly, and Powell pointed directly to tariffs.
"We are starting to see some effects," he said, adding that tariffs take time to filter through the economy. But make no mistake â they *will* hit wallets. From producers to importers to retailers, no one wants to pay. But someone will pay. And that person is likely to be you, the consumer.
Even with rising inflation, the Fed is keeping interest rates steady at 4.25%-4.5%. They still plan for two cuts in 2025, but Powell was very clear: dot plots are not promises. They are projections.