Fed Chair Powell: Trump’s tariffs were bigger than expected


 Fed Chair Jerome Powell

Fed Chair Jerome Powell
| Photo Credit:
KEVIN LAMARQUE/Reuters

The tariffs rolled out by President Donald Trump were larger than even the highest estimates prepared by the Federal Reserve ahead of time, Fed Chair Jerome Powell said on Wednesday.

“The tariffs are larger than forecasters had expected, certainly larger than we expected, even in our upside case,” Powell said in response to a question at an event at the Economic Club of Chicago.

Published on April 16, 2025



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Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

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