Jerome Powell: “America’s economy has been resilient. Part of that is our stance. We think we’re in a good place on that, to respond to…”

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

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.

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.