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Powell Warns Trump's Tariffs Could Spark Stagflation

4/16/2025

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Summary

Story summary

Federal Reserve Chair Jerome Powell warned that President Trump's tariffs might trigger stagflation, a troubling mix of rising inflation and sluggish growth. He highlighted the uncertainty surrounding these policies and their potential economic fallout, assuring that the Fed will stay patient, carefully monitoring the situation before making any moves on interest rates.

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Story summary

Federal Reserve Chair Jerome Powell warned that President Trump's tariffs might trigger stagflation, a troubling mix of rising inflation and sluggish growth. He highlighted the uncertainty surrounding these policies and their potential economic fallout, assuring that the Fed will stay patient, carefully monitoring the situation before making any moves on interest rates.