On the recordJune 19, 2025
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 significant economic developments.
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cnn.comAmerica’s economy has been resilient. Part of that is our stance. We think we’re in a good place on that, to respond to significant economic developments.
Powell asserts confidence in the economy's resilience and the Fed's position.
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More from Jerome Powell
increases in tariffs this year are likely to push up prices and weigh on economic activity
The effects on inflation could be short lived — reflecting a one-time shift in the price level.
From my standpoint, it’s not complicated. What everyone on the [Federal Open Market Committee] wants is a good, solid American economy with strong labor market and price stability. That’s what we want.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.