-7.4 C
Ottawa
Wednesday, December 10, 2025

Tariffs Will Likely Raise Prices, Hurt Growth, Fed’s Powell Tells Congress

Date:

Federal Reserve Chairman Jerome Powell on June 24 told lawmakers on Capitol Hill that tariffs will likely raise inflation and weigh on the U.S. economy.

Powell will deliver his semiannual monetary policy to Congress this week, emphasizing that economic activity is robust, employment conditions are solid, and inflation remains slightly above the institution’s 2 percent target.

About the author: Andrew Moran
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Weve Just Seen the Best Quarter in 3 Years (In Revenues) or 4 Years (Earnings)

NEW YORK, NEW YORK - NOVEMBER 18: The Wall...

Doctors Back Australias Under-16 Social Media Ban Citing Youth Mental Health Issues

A 13-year-old boy at his home as he looks...

Up to 500 Short-Term Rentals Flagged as Brisbane Acts to Curb Airbnb Rentals

A general view of Brisbane city in Brisbane, Australia...

British Soldier Killed in Ukraine Watching Training Exercise

Emergency crews work at a railway station hit during...