Jerome Powell: “Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a…”

In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.

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.

It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.

I won’t bow to political pressure when it comes to setting monetary policy.