All Quotes

It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data will be until we see more data.

if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and a rise in unemployment.

[It] doesn’t affect doing our job at all. We're always going to consider only the economic data, the outlook, the balance of risks, and that's it.

We don't have to be in a hurry. The economy is resilient and doing fairly well.

This would be a complicated and challenging judgment we would have to make

We've judged that the risk to higher inflation and unemployment has risen

the Fed’s obligation is to keep longer-term inflation expectations anchored to make certain that a one time increase in the price level (from tariffs) does not become an ongoing inflation problem.

the Fed would assess which goal – stable prices or maximum employment – is furthest away and prioritize achieving it.

We believe in investing in sports because they have helped us transform neighborhoods, and the NFL bringing this event to the nation's capital will help us fill hotel rooms, our restaurants, and Americans from all 50 states will come to…

I think Mike Waltz’s experience should tell anybody in the private sector or any, any other position outside the federal government if you’ve got a secure job, think long and hard about abandoning it to go and serve in the Trump…

the Fed’s caution is Trump’s own tariff agenda, which is highly likely to generate at least a temporary rise in inflation.

Trump's tariffs could present a potential conflict between its mandate to keep prices stable and promote full employment.

These are very fundamental policy changes.

Tariffs could lead to inflation, economic slowdown.

we would consider how far the economy is from each goal

The level of the tariff increases announced so far is significantly larger than anticipated.

We understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses.

Unemployment is likely to go up as the economy slows.