Fed's Powell says open to idea that tariff-led inflation may be less than thought

June 24 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday said he is open to the idea that the inflation he and other Fed officials worry will be kindled by President Donald Trump's tariffs may prove to be less severe than thought.

Powell also told the House Financial Services Committee that he expects the Fed to get a lot of information about the inflation effects of tariffs in the next couple of months, but he expects to see more tariff impacts on the data starting with readings from June.