Powell: Tariff Increases Could Push Up Inflation, Fed Currently Well-Positioned to Adjust Policy

BlockBeats reported on June 19 that Federal Reserve Chairman Powell stated that the impact of tariffs would depend on their levels. This year's tariff increases might put pressure on economic activity and drive up inflation. Preventing persistent inflation ultimately depends on maintaining long-term stable inflation expectations. Currently, we are in a favorable position to wait for more information before making adjustments. The Federal Reserve will work to prevent one-off inflation from turning into an entrenched scenario. (Jin10)