Fed's Powell says central bank could face 'challenging scenario' due to tariffs [FOX Business Network]
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Source: FOX Business Network
Federal Reserve Chairman Jerome Powell said on Wednesday that the central bank could face a "challenging scenario" as it contends with President Donald Trump's tariffs. Powell said the duties on U.S. trading partners imposed by the White House are "significantly larger than anticipated," and that they are "highly likely" to lead to a temporary rise in inflation. "We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension," Powell said in prepared remarks to the Economic Club of Chicago. "If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close. The Fed chair also said the central bank would wait for more data on the economy's direction before changing interest rates, as it aims to reduce inflation to its 2% target. "For the time being, we are well positioned to wait for greater clarity before considering any ad
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website