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Jerome Powell warns on Trump's tariffs: High inflation could be here to stay CNNPowell sees tariffs raising inflation and says Fed will wait before further rate moves CNBCFed's Powell Signals Help Coming, But Not Yet; S&P 500 Dives Investor's Business DailyNasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts Fortune
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A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, these items will likely cost more under President Trump's tariffs.
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An aggressive suite of tariffs from President Trump will complicate the Federal Reserve's job as it struggles to quash inflation and avoid an economic downturn.
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The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?
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