Chair Powell: "Inflation was 2.5% before tariff policy... Inflation rose due to tariffs"
JH Kim
Summary
- Jerome Powell, Fed Chair, stated that the baseline inflation before the tariff policy was at 2.5%.
- Powell revealed that inflation has risen due to tariffs, but still remains in the 2% range.
- He added that the Fed is running simulations assuming the implementation of retaliatory tariffs.
Jerome Powell, Chair of the U.S. Federal Reserve, said on the 19th (local time) during a press conference after the FOMC meeting, "The baseline inflation before the tariff policy was at 2.5%," adding, "Inflation has risen due to tariffs. However, it still remains in the 2% range."
He continued, "The Fed is running prediction simulations on the impact of tariffs," adding, "This is being conducted under the assumption that the U.S. will fully implement retaliatory tariffs."
JH Kim
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