Powell: Tariffs Likely to Lead to Price Increases in the Short Term

BlockBeats News, April 4th, Federal Reserve Chairman Powell stated in his keynote speech on the economic outlook that tariffs are highly likely to cause short-term price increases. The impact on prices may also be more persistent. Our responsibility is to ensure that long-term inflation expectations remain stable. People's dissatisfaction with the economy seems to stem from early inflation. Prices have not fallen, people know they are spending more, so it is entirely reasonable for them to be dissatisfied. Inflation has dropped significantly, and the unemployment rate is close to full employment levels. (FX678)