Lates News

Federal Reserve Chairman Powell said on Wednesday that some of the more severe inflation scenarios facing the economy have eased. "In fact, since April, I believe the higher and more sustained inflation risks may have decreased to some extent due to the slowing labor market and slowing GDP growth," Powell said at a press conference. Powell said tariffs are pushing up price pressures, but it is increasingly apparent that this is more like "one-time price increases rather than triggering a cycle of inflation."