Powell: The Impact of Tariffs Has Been Much Greater Than Expected So Far

According to a report by Jinse Finance, Federal Reserve Chairman Powell stated that survey respondents identified tariffs as the main factor driving inflation expectations. The impact of tariffs has been much greater than anticipated so far. If the significant increase in tariffs continues as announced, higher inflation and lower employment will occur. Avoiding sustained inflation will depend on the scale, timing, and inflation expectations of the tariffs.