Fed's Powell says tariff impact on inflation muted so far

Sept 23 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday that so far the impact of tariffs have been modest.

Those hit by President Donald Trump’s import tax surge have not been foreigners but domestic importers and retailers, and so far, “they're not passing along to consumers that much of the cost. So the actual effects on inflation have been quite modest.”

Powell’s comments came from an appearance in Rhode Island.