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Powell: Tariffs "Far Exceed Expectations," Fed's Goal Achievement Process May Be Delayed Until Next Year

Powell: Tariffs "Far Exceed Expectations," Fed's Goal Achievement Process May Be Delayed Until Next Year

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金色财经金色财经2025/05/08 00:09

May 8 news, Federal Reserve Chairman Powell stated at a press conference that the tariffs implemented by U.S. President Trump on April 2 local time "far exceeded expectations." The current tariff levels may lead to a slowdown in economic growth and could prompt a rise in long-term inflation. "If the announced significant tariff increases are sustained, inflation and unemployment rates may rise, and economic growth may slow down. The impact on inflation may be temporary, reflected in a one-time change in price levels, but it could also be more persistent," Powell said. Powell indicated that given the scope and scale of the tariffs, the risks of rising inflation and unemployment rates will certainly increase. If tariffs ultimately remain at current levels, the Federal Reserve's process of achieving its goals may be delayed until next year.

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