Powell Says Tariffs and Energy Prices Keep Inflation High
Powell said tariffs and energy costs are keeping inflation at 3 percent. The Fed is monitoring these factors before deciding on future interest rate hikes.
Xurve View
Xurve View
Federal Reserve Chair Jerome Powell highlighted the complex challenges involved in reducing inflation during a press conference on Wednesday, pointing to persistent tariff-related price increases and energy costs exacerbated by the conflict in Iran. Following a two-day policy meeting in the United States, Powell stated that the central bank is closely monitoring these developments to determine if they represent temporary shocks or more permanent economic shifts.
