Fed Chair Powell: If no new tariffs, goods inflation should peak in 'first quarter or so'

Inflation & Tariffs - Tariff price increases are expected to fully pass through, with inflation from goods peaking around the first quarter of next year [2][3] - Assuming no new tariff announcements, inflation from goods should decrease in the back half of next year [3] - The impact of individual tariffs can take quite a while to fully materialize due to shipping and other factors [2] - The expected peak inflation increase from tariffs is estimated to be a couple of tenths of a percentage point or less [3] - The full effect of announced tariffs is estimated to take about nine months [3] Monetary Policy & Leadership - The speaker states that discussions about a new Fed chairman do not hinder their current job or change their thinking [4]