> Tariffs, the stock market and the economy: Your questions answered
Tariffs, the stock market and the economy: Your questions answered
Clip ID 2365843
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
Financial experts join 10TV's Kevin Landers to discuss the recent tariffs imposed by President Trump and the potential impacts on the economy.
RELATED: Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth -- https://www.10tv.com/article/news/nation-world/federal-reserve-chief-trump-tariffs-likely-raise-inflation-slow-economic-growth/507-0cd64926-4e0a-4462-80da-a745cdbdac42
US Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.
Powell said Friday that the tariffs, and their impacts on the economy and inflation, are “significantly larger than expected.” He also said the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.”
Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months.