Golden Finance reports that Federal Reserve Chairman Powell stated that the Federal Reserve Committee is discussing how tariffs drive inflation. The Federal Reserve has done a lot of work in this area and is able to make a careful assessment of appropriate tariff policies. It is too early to draw any conclusions about the impact of tariffs, as it is unknown which countries the tariffs target, their scale, and duration. He also stated that the analysis of tariffs from 2018 is still a good starting point; there are many factors that will influence the impact of tariffs on consumer inflation.