# Fed Chair Says Tariffs Will Raise Inflation — Cato Trade Experts Available 

On Wednesday, Federal Reserve Chair Jerome Powell told Congress this week that Trump’s tariffs are likely to push inflation higher in the coming months, warning that consumers will bear the cost.

June 25, 2025 • News Releases 

On Wednesday, Federal Reserve Chair Jerome Powell told Congress this week that Trump’s tariffs are likely to push inflation higher in the coming months, warning that consumers will bear the cost.

“There will be some inflation from tariffs coming,” Powell said during Senate testimony Wednesday. 

Cato’s trade policy scholars are available for comment on the economic and political implications of this shift: 

Available for comment on the subject: 
• [Scott Lincicome](https://www.cato.org/people/scott-lincicome) – Director of General Economics 
• [Clark Packard](https://www.cato.org/people/clark-packard) – Trade policy expert 
• [Colin Grabow](https://www.cato.org/people/colin-grabow) – Specialist in maritime and trade policy 

Please feel free to reach out to Emily Salamon ([esalamon@​cato.​org](mailto:esalamon@cato.org)) for interview request and more information.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/).