Powell says consumers will bear the cost of Trump’s tariffs, warns the dot plot lacks conviction

Federal Reserve Chair Jerome Powell told reporters in Washington on Wednesday that US consumers will absorb the cost of President Trump’s tariffs, and warned that the Fed’s dot plot isn’t a promise, it’s guesswork. The central bank voted to keep interest rates steady at 4. 25% to 4. 5%, and despite growing inflation concerns, officials are still […] source: https://www.cryptopolitan.com/fed-powell-consumers-trump-tariffs-dot-plot/