Powell Attributes Surging Inflation to Tariff-Driven Goods and Services

Federal Reserve Chair Jerome Powell recently attributed much of the elevated inflation to tariffs on imported goods and materials. According to ChainCatcher, Powell's analysis suggests that trade-related price pressures significantly contribute to current inflationary conditions. The Fed Chair's assessment focuses on how tariff-driven costs are being passed through consumer goods, highlighting tariffs as a primary driver of recent price increases rather than broader monetary factors.