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Fed Chair Powell says the impact of Trump tariffs will be 'transitory'

Posted

March 25, 2025

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Federal Reserve Chair Jerome Powell says the base case is that tariff-fueled inflation will be transitory during a news conference after the central bank's policy-setting Federal Open Market Committee decided to hold the benchmark interest rate steady and slow the pace of reducing the balance sheet. Powell spoke to reporters on March 19 after the Fed's two-day policy meeting.

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Federal Open Market Committee

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Fed Chair Powell says the impact of Trump tariffs will be 'transitory' · Bloomberg Television · Sentinel