Federal Reserve Chair Jerome Powell said inflation has remained “somewhat elevated” due to the impact from tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said, citing the rise in PCE and core PCE. Find more from Powell's remarks: cnb.cx/4oNCWTA | CNBC
0:57
Federal Reserve Chair Jerome Powell said inflation has remained “somewhat elevated” due to the impact from tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said, citing the rise in PCE and core PCE. Find more from Powell's remarks: cnb.cx/4oNCWTA | CNBC
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