Fed Chair Powell Says Impact of Tariffs ‘Clearly Visible’ as Higher Prices Loom

Fed Chair Powell Warns of ‘High Uncertainty’ With Consumer Prices in Coming Months — Says Impact of Tariffs Now ‘Clearly Visible’

Ahmad Austin Jr. Aug 22nd, 2025, 12:48 pm

Federal Reserve Chair Jerome Powell warned there may be “high uncertainty” with the impact tariffs have on consumer prices in the near future.

Powell on Friday spoke at the Jackson Hole Economic Symposium in Jackson Hole, Wyoming. There, he parsed through various data points to offer insights on the country’s economic outlook.

When he spoke about inflation, he revealed that President Donald Trump’s sweeping tariffs have already resulted in slight price increases on goods. He also detailed how there would be more to come:

Turning to inflation, higher tariffs have begun to push up prices in some categories of g