Tariff Inflation May Be 'Transitory,' Powell Says: Stocks Rally, Bitcoin Clears $85,000 As Bulls Return

Q: How long will it take to read this news story?

The story "Tariff Inflation May Be &#039;Transitory,&#039; Powell Says: Stocks Rally, Bitcoin Clears $85,000 As Bulls Return" has 645 words across 27 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tariff Inflation May Be &#039;Transitory,&#039; Powell Says: Stocks Rally, Bitcoin Clears $85,000 As Bulls Return" was covered 13 hours ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news. The outlet is headquartered in United States and publishes an average of 23 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27179371</li><li>URL: https://beamstart.com/news/tariff-inflation-may-be-transitory-17424153194539</li></ul>

Benzinga Logo Benzinga 13h ago

Tariff Inflation May Be 'Transitory,' Powell Says: Stocks Rally, Bitcoin Clears $85,000 As Bulls Return - Benzinga

Quick Summary:

Federal Reserve Chairman Jerome Powell indicated that inflation driven by new trade tariffs might be “transitory,” evoking comparisons to the Fed's 2022 misstep when it wrongly classified inflation as a short-lived phenomenon.

Powell admitted it is “very challenging” to isolate tariff-driven inflation from broader price pressures.“Some of it—a good part of it—is coming from tariffs,” he said.

Speaking Wednesday following the Federal Open Market Committee's decision to hold rates at 4.25%-4.50%, Powell said the Fed is not in hurry to adjust interest rates and policymakers can “wait for clarity” before making moves.