The Fed chair reassured an audience at the University of Chicago the economy was in a “good place” despite “elevated uncertainty.”
Jerome Powell, who was appointed the chair of the Federal Reserve by President Donald Trump in 2017, during his first term as president, has admitted the tariffs will cause inflation to rise
U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.
Fed Chair Jerome Powell said on Friday that the Trump administration's tariffs would likely raise prices for U.S. shoppers and retailers. The scale and duration of the tariffs remain unclear but a portion of the taxes on imports will probably reach consumers, Powell told an audience at the University of Chicago.