Mumbai, March 20 -- The US Federal Reserve Chair Jerome Powell has downplayed US economic growth concerns and the impact of President Donald Trump's tariffs. He noted that inflationary impact of tariffs is likely to be transitory. According to a set of quarterly economic projections, the US Fed now expects the economy to grow more slowly this year and next than it did three months ago. Fed officials trimmed their outlook for economic growth estimates for this year to 1.7 per cent from the previous 2.1 per cent and 1.8 per cent in 2026. However, the US Fed policymakers now see their preferred measure of inflation ending the year at 2.7 per cent, compared to the 2.5 per cent pace anticipated in December.
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