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Fed, Jerome Powell and tariffs

Bloomberg on MSN · 2d

Fed’s Powell Says Tariff-Driven Inflation Remains a Big Question

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of tariffs on consumer prices.

Reuters on MSN · 2d

Powell says Fed needs to manage against risk that tariff inflation proves persistent

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,

The Wall Street Journal · 1d

Powell: Fed Must Consider Costs of Being Wrong on Inflation

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.

Fed’s Preferred Inflation Gauge Was Slightly Hotter

NBC New York · 13h

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

The New York Times · 7h

The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.

Investopedia on MSN · 12h

The Fed's Preferred Inflation Gauge Was Higher Than Expected In May

Key Takeaways "Core" PCE inflation rose 2.7% over the year in May, higher than the 2.6% anticipated by forecasters.Officials at the Federal Reserve use core PCE prices to judge whether inflation is running at the 2% annual rate they target.

Trump Encourages Powell to Resign

The New York Times · 3h

Trump Encourages Powell to Resign in Latest Attack on the Fed Chair

Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.

CNN on MSN · 5h

Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history

President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very soon.” The problem is that Powell still has 11 months left until the end of his term.

Barron's on MSN · 1d

Trump May Name Next Fed Chair Early. Why It Would Fuel Inflation and Tank the Dollar.

Stocks could get a short-term boost, but a shadow Fed chair pushing for lower interest rates would likely spell more pain for the dollar.

Trump slams US Fed chair Powell as ‘stubborn mule’ after mild inflation rise and consumer spending dip

The US Federal Reserve’s preferred inflation measure logged a mild uptick yesterday while spending weakened, triggering ...

8hon MSN

Gloomy Americans cut back on spending as inflation ticks higher

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...

12h

Semiannual Monetary Policy: Powell Tells Congress Why The Fed Won't Cut Rates Now

The Fed stays focused on inflation and employment, with no rate cuts expected soon. Check out my analysis on Fed policy and ...

1d

Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week

It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...

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