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.

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.

There isn’t a modern experience of how to think about this.

The same is likely to be true of the economic effects, which will include higher inflation and slower growth.

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.

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 persistent.

We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.

We are here to deal with two regulations, the first dealing with payment systems, and the second dealing with overdraft protection. In both cases, I came here for the entertainment value to watch Republican after Republican tell us how…

Do not vote to prohibit regulation of payment systems. Do not vote to prohibit limitations on overdraft protection. Do not vote to allow $6.1 billion to be transferred from constituents to the biggest banks in the country. Vote ``no,'' and…

it feels like we don’t need to be in a hurry.