Tariffs and Inflation: Powell's Warning on Economic Risks Federal Reserve Chair Jerome Powell recently highlighted a critical issue: higher tariffs are pushing up prices in certain goods, leading to increased overall inflation. In a press conference following a 25-basis-point rate cut, Powell noted that while tariff effects might be temporary, there's a risk they could persist, complicating the Fed's efforts to manage inflation without stifling job growth. This comes as the Fed signals no Decemb