Summary
- Jerome Powell said the impact of tariffs on inflation will be short-term.
- Powell said the unemployment rate is low but has risen somewhat, and prices remain somewhat high.
- He explained that the recent slowing pace of job gains and downside risks to employment have increased.
On the 17th (local time), according to CNBC, Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said regarding the impact of tariffs on inflation, "it remains to be seen" and "the baseline scenario is that the effect is short-term."
He also said, "The unemployment rate remains low but has risen somewhat, recent prices have risen and are still somewhat high," and explained, "The pace of job gains has slowed and downside risks to employment have increased."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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