Jerome Powell doubles down on a word that has haunted him, saying pain from tariffs would be ‘transitory’

Quick Summary:

The Fed’s slowness to catch the inflation surge that began during the pandemic has earned it scads of criticism.Is this time different?

Treasury Secretary Scott Bessent recently said, “I would hope that the failed team transitory could get back together and think that nothing is more transitory than tariffs,” while commenting on Fed policy.

Higher inflation expectations are already on the rise because of tariffs, Zandi explained.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United States

Topics: Jerome powell Tariffs and trade Donald Trump Federal Reserve Tariffs Interest Rates Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 17:09:19 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 148 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27196458

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