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Powell: Reasonable assumption that tariffs have temporary impact on inflation

Summary: According to sources, Federal Reserve Chairman Powell stated that it is a reasonable assumption that tariffs have a temporary impact on inflation. Upcoming data will help the Fed determine future policy direction. The current policy stance is appropriate given inflation risks and can be described as moderately restrictive.

According to sources, Federal Reserve Chairman Powell stated that it is a reasonable assumption that tariffs have a temporary impact on inflation. Upcoming data will help the Fed determine future policy direction. The current policy stance is appropriate given inflation risks and can be described as moderately restrictive.

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