The sense of it, though, is that we want inflation to average 2 percent over time, and the reason we want that is that we want inflation expectations to be anchored right at 2 percent and not somewhat below 2 percent, which is arguably the case now.
Powell explains the Fed's goal for inflation expectations.
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There are no new water features, there’s no beehives, and there’s no roof terrace gardens
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
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