On the recordApril 9, 2025
We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.
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nbcnews.comWe face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.
Powell warned about the potential for persistent inflation due to tariffs.
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We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
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.