Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth

Jeff Cox - CNBC - 16/04
The central bank leader said that while he expects higher inflation and lower growth, it's unclear where the Fed will need to devote greater focus.
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025.
Roberto Schmidt | AFP | Getty Images

Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth.

With uncertainty elevated over what impact President Donald Trump's tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it's unclear where the Fed will need to devote greater focus.

"We may find ourselves in the challenging...
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