Powell talks about the recent rise in inflation expectations: tariffs are the main factor

Odaily News Fed Chairman Powell said at a press conference that recent inflation expectations indicators have risen, reflected in market and survey-based indicators. Respondents, including consumers, businesses and professional forecasters, pointed out that tariffs are a driving factor. However, after the next year or so, most long-term expectation indicators remain consistent with our 2% inflation target. (Jinshi)