Inflation & Prices
Powell’s Got a Plan to Assess Tariff Inflation. It’s Not Easy
Jerome Powell has said Fed staff are modeling a range of possible outcomes from tariffs, which generally assume full retaliation from US trading partners.
Photographer: Al Drago/BloombergThis article is for subscribers only.
When it comes to the crucial task of gauging the impact of tariffs on inflation, Federal Reserve Chair Jerome Powell has a game plan: Separate the signal from the noise.
The sheer scale and scope of President Donald Trump’s sweeping global levies has made the already difficult task more challenging — and more consequential.