Fed Chair Confirms Positive U.S. Inflation Outlook

On Wednesday, following the Federal Reserve’s decision to keep interest rates unchanged for the fourth consecutive meeting, Chair Jerome Powell stated, “Inflation is progressing well, with a slight uptick. We expect to see further improvement.”

He added, “It takes time to see higher inflation in goods prices due to tariffs and their pass-through to consumers.”

Powell continued, “Many companies are expected to pass some or all of the tariff-related costs to consumers.”