I think Mike Waltz’s experience should tell anybody in the private sector or any, any other position outside the federal government if you’v...
very long terms.
a matter of law
Trump's tariffs could present a potential conflict between its mandate to keep prices stable and promote full employment.
the Fed’s caution is Trump’s own tariff agenda, which is highly likely to generate at least a temporary rise in inflation.
These are very fundamental policy changes.
Tariffs could lead to inflation, economic slowdown.
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
The same is likely to be true of the economic effects, which will include higher inflation and slower growth.
For the time being, we are well positioned to wait for greater clarity.
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, and businesses.
There isn’t a modern experience of how to think about this.
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 could be more persi...
We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.
it feels like we don’t need to be in a hurry.
