Fed Chair Powell (Q&A) says tariffs should in theory be one-time effect, the theory is probably right, but the time it takes to get through the economy is uncertain
Fed Chair Powell's comments suggest that while tariffs can be expected to influence inflation as a one-time effect, the actual timeline for their impact on the economy remains unpredictable.
EU official says EU Foreign Policy Chief Kallas spoke to Iranian Foreign Minister this morning about impact of war on freedom of navigation in the Strait of Hormuz
Fed Chair Powell (Q&A) says have slightly more confidence that tariff inflation will come down in the middle of the year
Fed Chair Powell (Q&A) says tariffs should in theory be one-time effect, the theory is probably right, but the time it takes to get through the economy is uncertain
Fed Chair Powell (Q&A), asked about tariff impact, is not certain that tariffs will be a one-time effect, not at all certain
Fed Chair Powell (Q&A), asked about conditions for adjusting policy, says Fed has to wait and see, will learn a lot by the next meeting, must see how the outlook evolves on the Middle East
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This uncertainty could weigh on market sentiment, particularly concerning future Fed rate decisions and the USD's strength against other currencies, as traders grapple with the nuances of tariff implications for inflation and growth.
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