Tariffs Are Pushing Up Some Prices, Powell Says

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Federal Reserve Chair Jerome Powell acknowledges tariffs are contributing to higher inflation, but believes the impact may be temporary.

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Neutral
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70%

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Federal Reserve Chair Jerome Powell says tariffs are pushing up the prices of some goods, resulting in higher overall inflation. But he says these impacts could be short-lived. He speaks in Washington after the Fed cut interest rates by a quarter percentage point. (Source: Bloomberg)

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Original article published by Bloomberg on October 29, 2025.
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