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Federal Reserve Chair Powell says without direct comment on Trump policy that someone like exporter, importer or middleman must pay but may not reach consumer at Senate hearing

Arizona Senator Ruben Gallego and Federal Reserve Chairman Jerome Powell discuss potential price impacts of a 25 percent tariff on Mexico, Powell explaining that tariff costs can be absorbed by exporters, importers, or middlemen while noting the varying persistence and magnitude of inflation effects at a semiannual hearing by the Senate Banking Committee.
Arizona Senator Ruben Gallego and Federal Reserve Chairman Jerome Powell discuss potential price impacts of a 25 percent tariff on Mexico, Powell explaining that tariff costs can be absorbed by exporters, importers, or middlemen while noting the varying persistence and magnitude of inflation effects at a semiannual hearing by the Senate Banking Committee.
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Restrictions:
Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
2200148903
Collection:
FedNet
Date created:
February 11, 2025
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License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:00:51:27
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sba021125z