Powell: The impact of tariffs on consumers has so far been small
Source: golden
Time: 2025-09-18 05:57:01
Golden Finance reported that Federal Reserve Chairman Powell said on Wednesday that so far, tariffs have had little impact on consumer prices, and costs are mainly absorbed by companies in the middle of the supply chain. "It's obvious that there's some passing on," Powell said in a press conference after the Fed's latest policy meeting. Businesses engaged in trade will tell you that they completely intend to pass on the (tariff) impact in a timely manner, but they are not doing so now. "