Powell: Surveys show tariffs drive inflation expectations

[Powell: Survey Shows Tariffs Drive Inflation Expectations] Federal Reserve Chairman Powell stated that surveys show tariffs drive inflation expectations, and there is a high degree of uncertainty regarding new policies and their effects. Determining the extent of tariffs' impact on inflation will be difficult, and it is still too early to say whether it is appropriate to ignore the impact of tariffs on inflation. He also mentioned that the new government is implementing significant policy changes, and the net effect is what matters. Powell stated that inflation remains relatively high, and the long-term inflation expectation target is still consistent with 2%.