Powell: Tariffs Have Had Only Modest Effect on Consumers

BlockBeats News, September 18th, Federal Reserve Chairman Powell said on Wednesday that so far the impact of tariffs on consumer prices has been small, with costs primarily absorbed by businesses in the middle of the supply chain. "There’s clearly some pass-through," Powell said at a press conference following the Fed's most recent policy meeting. Businesses involved in trade will "tell you that they have every intention of passing on those effects in a timely fashion, but they’re not doing so now."