Jerome Powell: “I won’t bow to political pressure when it comes to setting monetary policy.”

Tariffs this year are likely to push up prices and weigh on economic activity.

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

I’m very focused on just doing my job.