Chairman Powell: "We'll know in a few months if tariffs have affected recent price increases"
JH Kim
Summary
- Chairman Jerome Powell stated that the impact of tariffs on recent inflation will be determined within a few months.
- Powell mentioned that he is looking for direct evidence to determine if tariffs are the cause of price increases.
- Chairman Powell added that it's natural for people to feel dissatisfied with rapid price increases.
Jerome Powell, Chair of the Federal Reserve (Fed), stated on the 19th (local time) during a press conference after the FOMC meeting that "we will know within the next few months whether the high inflation rates in the first two months of this year were due to tariffs."
He added, "We are looking for direct evidence to determine if inflation has been caused by tariffs," and "people are dissatisfied with the rapid price increases. It's not wrong to feel this way."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
