Federal Reserve Chair Jerome Powell reiterated his stance that the economic pain caused by tariffs would be ‘transitory.’ In a recent statement, Powell mentioned that the projected impact of tariffs on the economy remains temporary despite ongoing concerns. This perspective aligns with previous communications from the Federal Reserve, emphasizing that external factors such as tariffs do not significantly alter long-term economic forecasts. \”Transitory\” has been a keyword in discussions surrounding tariff impacts, often drawing criticism and scrutiny. — news from Fortune
