Powell: The impact of tariffs on consumers has been minimal so far

Jinse Finance reported that Federal Reserve Chairman Jerome Powell stated on Wednesday that so far, the impact of tariffs on consumer price increases has been minimal, with most of the costs being absorbed by businesses in the middle of the supply chain. "Clearly, there is some pass-through," Powell said at a press conference following the Fed's most recent policy meeting. Businesses engaged in trade "will tell you that they fully intend to pass on the (tariff) impact in a timely manner, but they are not doing so at this time."