On the recordJuly 9, 2025
I won’t bow to political pressure when it comes to setting monetary policy.
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nbcnews.comI won’t bow to political pressure when it comes to setting monetary policy.
Powell asserts independence from political influence on monetary policy decisions.
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The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration policies, are causing the Fed to adopt a wait-and-see approach.
We should not even be talking about a world in which the U.S. does not pay its bills.
Many, many companies do expect to put all or — some of the effect of tariffs through to the next person in the chain, and ultimately, to the consumer.
I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.