US Fed chair says tariff hikes this year to raise prices | AFP

Beschreibung:

US Federal Reserve Chair Jerome Powell says that tariff hikes this year are likely to push up prices and weigh on economic activity, as President Donald Trump's levies begin rippling through the economy. The impact of tariffs could be persistent, and avoiding such an outcome depends on their size, how long it takes for them to pass through, and keeping expectations anchored, Powell tells reporters.