Federal Reserve Chair Jerome Powell on New US Tariffs

Federal Reserve Chair Jerome Powell highlighted on Friday that the comprehensive effects of the new US tariffs, implemented on April 2, will not be immediately apparent. He pointed out that the scale of these measures surpasses initial expectations, with their influence on prices, supply chains, and consumer behavior expected to unfold gradually.

Broader Policy Shifts and Economic Influence

Beyond tariffs, Powell also mentioned that other significant policy changes, including forthcoming fiscal legislation and regulatory adjustments, are set to impact the economy. While he avoided specifying exact timelines, he noted that these developments are progressing as anticipated for major policy shifts.

Anticipating the Economic Effects

"As the year progresses," Powell stated, "the tangible economic impacts will start to become visible." He underscored that the understanding of these changes is still evolving, with policymakers keenly observing their ripple effects across the broader economy.