Fed Chair: High tariffs risk inflation and slower economic growth
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Fed Chair: High tariffs risk inflation and slower economic growth
May 7, 2025
NBC New York
Federal Reserve Chair Jerome Powell said inflation has remained “somewhat elevated” due to the impact from tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said, citing the rise in PCE and core PCE. Find more from Powell's remarks: cnb.cx/4oNCWTA | CNBC
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