Trump and his aides warned amid the tariff controversy that Americans could be in store for some temporary economic strain — including higher prices.
Jerome Powell, who was appointed the chair of the Federal Reserve by President Donald Trump in 2017, during his first term as president, has admitted the tariffs will cause inflation to rise
As President Donald Trump on Friday threatened new tariffs on Canadian products, Federal Reserve Chair Jerome Powell said the administration's tariff plan would likely raise prices for U.S. shoppers and retailers.
U.S. stocks stabilized somewhat after the February employment report on Friday showed a pick up in jobs and Federal Reserve Chair Jerome Powell said the economy was holding up so far. But jobs numbers did little to dispel fears of a softening labor market, and Powell merely reaffirmed that the Fed will be on hold for the foreseeable future.
U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.