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I will say, though, it feels like we don’t need to be in a hurry.
Looking ahead, higher tariffs will be working their way through our economy and are likely to raise inflation in coming quarters.
While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected.
At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices
It is also possible that the effects could be more persistent
Highly likely to lead to at least a temporary rise in inflation
We're here because of Planned Parenthood not being a qualified provider in South Carolina, but would this open the floodgates of people bringing lawsuits because they can't see the provider of their choice?
That seems pretty empty because it would be just kind of throwing a number out there for the sake of throwing a number.
It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.
I do think with the arrival of the tariff inflation, further progress may be delayed.
I wouldn’t say we’re in a situation that’s remotely comparable to that is likely.
And I completely understand and accept that.
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 things.
The Fed's understandably cautious stance also opens the door for the Committee to be late to the party
Chances of a recession were extremely low — if you go back two months. It has moved up, but it's not high.