Fed chair Powell: Tariff induced inflation will take a long time to become clear

Inflation & Tariffs Impact - Tariffs are generating inflation, evidenced in the June CPI report [1] - Approximately $30 billion per month in tariff revenue is being collected [3] - The impact of tariffs on consumer prices is starting to show, with companies intending to pass costs to consumers [3][4] - The process of tariffs impacting prices is slower than initially expected [5] Monetary Policy & Inflation Management - The Fed is cautiously "looking through" goods inflation by not raising rates, considering these as potentially one-time price effects [6][7] - The Fed aims to manage inflation efficiently, avoiding premature action that could necessitate future interventions or delayed action that could harm the labor market [8] - The Fed is committed to keeping inflation under control using its tools [7][9]