Fed Chair Powell: Decisions not politically driven, tariff impacts expected to end by late 2026

Federal Reserve Chair Jerome Powell reiterated that the central bank’s policy decisions are not politically motivated, emphasizing the Fed’s independence in navigating monetary strategy. Addressing recent concerns, Powell also noted that the impact of tariffs on inflation is expected to fade by late 2026, describing them as temporary and unlikely to alter long-term outlooks. His comments aimed to reassure markets amid heightened scrutiny ahead of the election cycle. By dismissing tariff risks as a prolonged factor, Powell reinforced confidence that the Fed remains focused on its dual mandate of price stability and employment, rather than political considerations.
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