Summary
- Jerome Powell, Chair of the Fed, stated that tariffs may have a greater impact on the economy and inflation than expected.
- He mentioned that tariffs could temporarily cause inflation, and it needs to be managed carefully.
- Chair Powell emphasized that the Fed has a responsibility to manage inflation expectations stably.
On the 16th (local time), according to Walter Bloomberg, Jerome Powell, the Chair of the U.S. Federal Reserve (Fed), stated in a speech that "tariffs may have a greater impact on the economy than expected."
He continued, "The impact of tariffs may be greater than the Fed's previous estimates, and the impact on inflation may also last longer," explaining that "at least temporarily, there is a possibility of causing inflation, and care must be taken to prevent this inflation from becoming entrenched."
Additionally, he emphasized that "the Fed has a responsibility to manage inflation expectations stably."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
