Senate Republicans' tax plan, tariffs may fuel inflation, Fed Chair Powell’s caution

Senate Republicans issued their tax plan, which aims to extend the 2017 Tax Cuts and Jobs Act and introduce other tax changes. KKOS Lawyers founding and senior partner Mark Kohler sits down with Julie Hyman on Wealth to discuss what the plan means for Americans. Federal Reserve Chair Jerome Powell says tariffs could lead to inflation. Yahoo Finance Fed Senior Reporter Jennifer Schonberger joins Wealth with Julie Hyman to break down the latest. The Federal Reserve's recent outlook shows a wait-and-see approach as they navigate the uncertainty surrounding inflation and the labor market. Yahoo Finance Senior Reporter Jennifer Schonberger and Yahoo Finance Head of News Myles Udland join Wealth to discuss Federal Reserve Chair Jerome Powell's remarks on inflation expectations. Wealth host Brad Smith breaks down what you need to know about the updates.Find this and other episodes of Wealth at https://finance.yahoo.com/videos/series/wealth/. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Wealth is hosted by Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices