- The Federal Reserve “has faced one big external shock after the other,” economist Mohamed El-Erian wrote in a Bloomberg opinion column. First it was pandemic-era inflation, now it is tariff-induced inflation. Fed Chair Jerome Powell has pressed pause on monetary policy, but may be forced to make a move.
Federal Reserve Chair Jerome Powell has a tariff dilemma, and it isn’t the only predicament the central bank has faced in the seven years since he took over.
