Powell: Severe inflation risk mitigates Tariffs are one-time price increase
Source: golden
Time: 2025-09-18 05:57:27
Fed Chairman Powell said on Wednesday that some of the more severe inflation scenarios facing the economy have eased. “In fact, I think higher and longer-lasting inflation risks may have fallen since April, partly because of slowing labor markets and slowing GDP growth,” Powell said in a press conference. Powell said tariffs are pushing up price pressures, but increasingly obvious that it is more like "a one-time price increase rather than a process of inflation."