Watch CBS News

Powell warns of higher inflation, unemployment risk from tariffs

Name: Powell warns of higher inflation, unemployment risk from tariffs
Uploaded: 2025-05-07T16:07:00-0400
Duration: 5 min 12 s
Description: The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.

The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.