The president of the Federal Reserve (Fed), Jerome Powell, said Friday that tariffs announced by US President Donald Trumpthey will translate into a greater inflation and lower economic growthand warned that the highest inflation could be persistent and not temporary.
“While it is very likely that tariffs generate, At least temporarily, an increase in inflation, It is also possible that its effects are more persistent“He said at a conference in Arlington, on the outskirts of Virginia.
Avoid this result, he added, “It would depend on keeping long -term inflation expectations anchoredthe magnitude of the effects and the time they take to move fully to prices. ”
“Our obligation is Keep inflation expectations anchored in the long term and make sure that a specific increase in price level Do not become a problem of persistent inflation. ”
The president of the Fed, in a more candid and direct intervention of the usual, stressed that the tariffs of the Republican Administration “They are greater than people were waiting in general”.
“While uncertainty remains high, it is increasingly clear that tariff increases will be significantly higher than expected. The same is likely to happen with economic effects, which will include higher inflation and lower growth. The size and duration of these effects remains uncertain, ”he said.
#Lasthora | The president of the US Federal Reserve (FED), Jerome Powell, states that global tariffs could stop economic growth and warned that the highest inflation could be persistent and not temporary. pic.twitter.com/dz85agmc8f
– Efe News (@Efenoticias) April 4, 2025
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