Fed's Powell says upside risks to inflation have faded a bit
ReutersSep 17, 2025 6:53 PM
Sept 17 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that some of the more dire inflationary scenarios facing the economy have faded.
"Really, since April, to me, the risks of higher and more persistent inflation have probably become a little less, and that's partly because the labor market has softened, GDP growth has slowed," Powell said a press conference following the latest Federal Open Market Committee meeting.
Powell said tariffs are pushing up price pressures, but it increasingly looks like it will be "a one time price increase, as opposed to creating an inflationary process."
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