Federal Reserve Chair Jerome Powell Says Tariffs Could Add 0.5 to 1 Point to Inflation
Jerome Powell said the Federal Reserve (U.S. central bank) faces tension between its inflation and employment goals, while monitoring oil price risks tied to the Middle East.
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Terms & Concepts
Inflation: A sustained rise in prices that reduces purchasing power across the economy.
Federal Reserve: The United States central bank, which sets monetary policy to pursue stable prices and maximum employment.