Powell: Inflation for goods picked up, reflecting effects of tariffs
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Powell: Inflation for goods picked up, reflecting effects of tariffs
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MSNCNBC
WATCH: Powell says inflation has eased, but is still “somewhat elevated relative to our 2% longer run goal.”
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Fed's Powell says inflation is 'still too high'
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Fed's Powell says inflation is 'still too high'
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Federal Reserve Chair Jerome Powell says inflation fight may cause a recession
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Fed's Powell cites top barrier to taming inflation — workers' wages
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POLITICOVictoria Guida
Federal Reserve Chair Jerome Powell said inflation has remained “somewhat elevated” due to the impact from tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said, citing the rise in PCE and core PCE. Find more from Powell's remarks: cnb.cx/4oNCWTA | CNBC
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