<ul><li>Federal Reserve Chair Jerome Powell warns of the economic impact of new tariffs, stating they may lead to higher inflation and slower growth.</li><li>Powell emphasizes the need for the Fed to keep longer-term inflation expectations well anchored and prevent a temporary rise in inflation from becoming a persistent problem.</li><li>The Fed faces challenges to maintain stable prices and maximum employment due to the new tariffs announced by the Trump administration.</li><li>Some forecasters are raising recession probability estimates, and investors are betting on multiple interest rate cuts in response to the tariffs.</li></ul>

Powell Signals Fed Would Respond To Persistent Inflation Shock

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