The Federal Reserve Chair, Jerome H. Powell, has raised concerns about the impact of the recent tariffs imposed by the Trump administration. Powell emphasized that the tariffs announced by the administration exceed the Fed’s worst-case scenario projections, leading to potential higher inflation and slower economic growth. The unprecedented nature of these tariffs has created uncertainty among businesses and households, with Powell highlighting the lack of modern experience in dealing with such large-scale tariff increases. The Fed is closely monitoring the situation and will assess the economic impact on its dual mandate goals.