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Storch consultants and former Toysrus and target executive calls fast talks on Gerald Storch tariffs and indicate the time during tax reduction and regulation.
Federal Reserve Chair Jerome powder On Friday, President Donald Trump said that inflation and slow economic growth of Trump tariffs are likely to increase, he will do what the central bank can do for low inflation.
President Trump On Wednesday, the exchange of the exchange market and the United States was asked to revenge revenge on trade partners. S & P 500, about 4% on Friday and the last five trading days, Dow Jones Industrial average, more than 7% of more than 10% of the record in December.
Powell, in his statements at the Friday conference, said that the tariffs are difficult to predict the effects of inflation and other economic indicators.
“While uncertainty rose, now the tariff will be significantly larger than expected and likely to cover higher inflation and slow growth,” he said. “The size and duration of these effects remain uncertain.”
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Fed President Jerome Powell, said that tariffs are likely to increase inflation temporarily. (Anna MoneyMaker / Getty Images / Getty Images)
Powell is sad that “tariffs are highly likely to form at least temporarily increase in inflationIt is possible that the effects can be more persistent. ”
“It takes how long it takes to avoid this conclusion, maintaining the effects of effects in effect and how much the price for their price.” “Our aimedo is not an inflation problem that anchor and a disposable rate at the price level at the price level.”
Inflation remained stubborn than the fed’s 2% target rate, the latest consumer price index (CPI) data is the preferred metric of February and the Central Bank Private consumption costs (PCE) Index, 2.5%.
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President Trump has swept tariffs on April 2 as part of the announcement of “Freedom Day”. (Chip Somodevilla / Getty Images / Getty Images)
Powell was asked during a question and answer session that followed the speech in society to develop the work editing and annual conference in Virginia The Role of the Fed During the turbulence in the economic uncertainty caused by financial markets and political politics.
“We are controlled by analyzing and careful thinking and discussions and disputes and disputes. We are trying to stay in our political process, we do not look at political periods or such things,” Powell said.
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Tariffs are often taxes for imported goods that consumers are higher than higher prices. (Photographer: Sam Wolfe / Bloomberg Getty Imager / Getty Images)
“We do not want to be a part of a wide discussion about the wisdom of policies that are not prescribed. We are not responsible Trade policyImmigration policy, financial policy, financial policy, “he said. Said.
“I want to think that as time passes, we are a source of calm, rational analysis and stability,” Powel said. “We provide the work we have Financial and macroeconomic stability The people are really our goal. “
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Fed’s next policy meeting in May and Powel, he feels like the central bank’s interest rates, “we do not need to be in a hurry.”
