the Fed’s caution is Trump’s own tariff agenda, which is highly likely to generate at least a temporary rise in inflatio...
Tariffs could lead to inflation, economic slowdown.
These are very fundamental policy changes.
The level of the tariff increases announced so far is significantly larger than anticipated.
we would consider how far the economy is from each goal
For the time being, we are well positioned to wait for greater clarity.
The same is likely to be true of the economic effects, which will include higher inflation and slower growth.
There isn’t a modern experience of how to think about this.
Unemployment is likely to go up as the economy slows.
We understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families, a...
Sometimes the surveys are very negative, but they keep spending.
While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects...
We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.
Our obligation is to keep longer-term inflation expectations well anchored.
it feels like we don’t need to be in a hurry.
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...
