ME News message, January 29 (UTC+8), Federal Reserve Chairman Powell stated that the major part of the higher tariffs' transmission to consumer prices over the past year is about to be completed. Powell said on Wednesday: "Our expectation is that the impact of tariffs on commodity prices will peak and then begin to decline, provided that no new significant tariff increases are initiated. This is also the situation we expect to see this year." Powell emphasized (as he has said many times before) that he views tariffs as a one-time price increase rather than a channel that triggers persistent inflation. (Source: ME)