Powell: The impact of tariffs on the economy may be greater than expected, and the Federal Reserve has an obligation to keep inflation expectations stable

ChainCatcher news, Federal Reserve Chairman Powell stated in a speech that potential tariffs could have a lasting impact on inflation. The Federal Reserve is prepared to consider adjustments as needed. It is essential to ensure that price increases do not lead to sustained inflation.

The impact of tariffs on the economy may be greater than expected. The Federal Reserve has an obligation to keep inflation expectations stable. Tariffs could elevate inflation in the coming quarters; sustained effects may also occur.