Federal Reserve Chair Highlights Gradual Impact of New Tariffs

Federal Reserve Chair Jerome Powell underscored on Friday that the comprehensive effects of the new US tariffs, implemented on April 2, will only become apparent over time. He pointed out that the measures' scale exceeded initial expectations, with their influence on prices, supply chains, and consumer behavior unfolding gradually.

Policy Shifts Beyond Tariffs to Shape Economic Landscape

Powell also mentioned that aside from tariffs, other significant policy changes, including forthcoming fiscal legislation and regulatory adjustments, are set to impact the economy. While he avoided specifying a timeline, he noted that these developments are progressing at a pace typical for major policy reforms.

Anticipating the Economic Effects

"As the year progresses," Powell remarked, "the actual economic consequences will start to materialize." He highlighted the ongoing nature of the learning process, with policymakers vigilantly monitoring how these changes permeate through the broader economy.