Federal Reserve Chair Jerome Powell has indicated that recent tariff increases are expected to lead to higher inflation and slower economic growth, potentially influencing future Federal Reserve policy decisions.
Key Points
Mind Map
Click to expand
Click to explore the full interactive mind map • Zoom, pan, and navigate
Brian, I I know the Federal Reserve
Chair Jerome Powell spoke today.
Everybody's listening to him very
closely on what he thinks of the economy
right now. What do you say? Yeah, so
many threads on the economy and now that
we've had a few days to kind of digest
what happened over the last few weeks,
the Fed chair, who is arguably seen as
the most important and most powerful
economist in the country, is speaking
right now talking about the outlook and
the impact of tariffs. He says it could
be inflationary. Take a listen.
The level of tariff increases announced
so far is significantly larger than
anticipated and the same is likely to be
true of the economic effects which will
include higher inflation and slower
growth. Both survey and market-based
measures of near-term inflation
expectations have moved up significantly
with survey participants pointing to
tariffs significantly used many times in
those remarks just now. So again, he's
worried that inflation could go higher
from here after market progress over the
last few years on it. Does that tilt the
Federal Reserve into making an action on
their policy rates, again, their
interest rates? We'll have to find out.
Their decision comes up in about two
weeks or so. All right, Brian Chung for
us. Brian, thanks. Thanks for watching.
Stay updated about breaking news and top
stories on the NBC News app or follow us
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.