BOSTON (Reuters) - The array of trade tariffs and counter measures from other countries could raise U.S. inflation but there is so far no indication of that happening, Federal Reserve Chairman Jerome Powell said on Tuesday.
“There’s potential for tariffs to increase prices,” Powell told an economics conference here. “The question is whether it is just a price-level increase or does it stoke actual inflation. We don’t see that in the data.”
Reporting by Jonathan Spicer and Howard Schneider; Editing by Andrea Ricci