- Federal Reserve Chairman Powell issues inflation warning due to tariffs.
- Markets struggle with volatility following Powell’s remarks.
- Stock indices drop sharply, echoing past trade tensions.
Jerome Powell warns of increasing tariffs’ impact on U.S. inflation at an Economic Club of Chicago event on April 16, 2025.
Powell’s statements point to possible higher inflation and slower growth, echoing past trade tensions and causing significant stock market declines.
Powell Highlights Inflation Risks Amid Tariff Tensions
Powell announced unprecedented tariffs threaten U.S. economic stability. At a Chicago event, he emphasized economic impacts, predicting inflation and slower growth. Volatility ensued, affecting financial markets. His statements coincide with similar past tariff events noted for market downturns.
Equity markets showed a sharp negative response; Dow fell by 690 points, S&P 500 down 2.3%, and Nasdaq 3.4%. Treasury yields dropped as investors retreated to safer assets. This fluctuation captures immediate economic implications.
Powell noted, “Markets face immense uncertainty,” emphasizing expected volatility due to tariffs. His comments highlight concerns over inflationary pressures challenging current economic conditions.
Jerome Powell, Chairman, Federal Reserve, “The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.” – ABC NewsThe Federal Reserve remains cautiously observant, awaiting further clarity before policy adjustments.
Tariffs Pressure Markets: Dow Dips 690 Points
Did you know? The U.S.-China trade war in 2018 also led to market sell-offs and soaring volatility, similar to current conditions amidst tariff concerns.
KernelDAO (KERNEL) is trading at $0.25 with a market cap of $40.71 million and saw a 24-hour trading volume of $194.48 million, indicating a decline of 18.48%. The price has decreased 31.41% over the past month, as reported by CoinMarketCap on April 17, 2025.
The Coincu research team suggests that inflationary pressures from tariffs could prolong market uncertainty. Regulatory responses may intensify, potentially affecting investment strategies and tech advancements in associated sectors.
No tags available.
Other Posts
Latest
Abraxas Capital Accumulates $399M in Ethereum Amid Price Surge
Press Release
WuBlockchain Interviews BitMart’s New CEO Nenter (Nathan) Chow: Technological Innovation, Global Expansion, and Community Empowerment
New Purpose-Built Blockchain T-Rex Raises $17 Million to Transform Attention Layer in Web3
