Powell: U.S. Government Shutdown Will Temporarily Drag on Economic Activity

BlockBeats News, October 30, Fed Chair Powell: Data before the shutdown showed that the economy may be heading towards a more stable trajectory. The government shutdown will temporarily drag on economic activity. Recent inflation expectations have risen, and higher tariffs are pushing up prices of some goods. Under a reasonable baseline scenario, the impact of tariffs on inflation will be temporary. (FXStreet)