significantly larger than expected
Looking ahead, higher tariffs will be working their way through our economy and are likely to raise inflation in coming ...
it is also possible that the effects could be more persistent
At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and ...
highly likely to lead to at least a temporary rise in inflation
While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than...
I will say, though, it feels like we don’t need to be in a hurry.
I do think with the arrival of the tariff inflation, further progress may be delayed.
It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leaders...
I wouldn’t say we’re in a situation that’s remotely comparable to that is likely.
the Fed's understandably cautious stance also opens the door for the Committee to be late to the party
It’s a pretty good economy.
They’re unhappy and they’re not wrong to be unhappy that prices went up quite a bit and they’re paying a lot for those t...
And I completely understand and accept that.
Clearly some of it, a good part of it, is coming from tariffs.
Inflation has started to move up now, we think, partly in response to tariffs.
Chances of a recession were extremely low — if you go back two months. It has moved up, but it's not high.
