Domestic Affairs

Federal Reserve Chair Jerome Powell Warns of Inflation Risks from Trump Tariffs: Economic Implications and Policy Challenges

Michael Frick

04 Apr 2025 — 4 min read

Federalreserve, Public domain, via Wikimedia Commons

On Friday, April 4, 2025, Federal Reserve Chair Jerome Powell issued a stark warning about the inflationary pressures likely to result from President Donald Trump’s sweeping new tariffs. Speaking at an event in Arlington, Virginia, Powell highlighted the challenges posed by elevated import costs, which could lead to prolonged inflation and complicate the Federal Reserve’s dual mandate of maximizing employment while stabilizing prices. His remarks come as consumer confidence has dropped to its lowest level since January 2021 amid growing economic uncertainty.

Key Points from Powell’s Remarks

Inflationary Pressures

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