Fed Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy to hike prices and slow economic growth, while noting that key economic indicators "still show a solid economy."

Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday.

Federal Reserve Chairman Jerome Powell warned Friday that Trump's strict tariffs will worsen inflation and lower economic growth. As a result, the Fed won't change interest rates for now.

U.S. President Donald Trump wasted no time in responding to Federal Reserve Chair Jerome Powell’s warnings about the economic risks of higher inflation and slower growth due to new U.S. tariffs. In a post on Truth Social following Powell’s speech,

Fed Chair Jerome Powell warns Trump's tariffs may raise inflation, slow growth; S&P 500 falls 4% as economic outlook dims. Follow Newsweek's live blog.

President Donald Trump’s tariff increases will be significantly larger than expected, likely increasing the risk of higher inflation and slower economic growth, Federal Reserve Chairman Jerome Powell said Friday.

Trump said in a social media post this would be the "perfect" time for the central bank to cut rates, but inflationary impact of tariffs could be an issue.

US President Donald Trump on Friday called on Federal Reserve Chair Jerome Powell to cut interest rates immediately, even as the central bank faces mounting pressure over inflation concerns triggered by his administration’s sweeping new tariffs.