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Jun 24, 2025
Fed Chair Powell: Tariffs may be adding a quarter of a percentage point to inflation right now
Federal Reserve (Fed) Chair Jerome Powell added further comments during his testimony before the congressional budget committee on Tuesday, building out his case for holding off on rate cuts, likely until sometime in the fourth quarter.
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Jun 24, 2025
Fed's Williams: Tariffs may be adding a quarter of a percentage point to inflation right now
Federal Reserve (Fed) Bank of New York President John Williams predicted slightly higher inflation and unemployment through the rest of the year on Tuesday, as well as slower-than-expected growth metrics.
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