Political Quotes

On the recordJune 24, 2025
For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.
Said by
Jerome Powell
Republican · District of Columbia

Editor's note · Context

Powell emphasizes the need for more data before adjusting interest rates.

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More from Jerome Powell

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If we make a mistake, people will pay the cost for a long time.

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We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

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Tariffs this year are likely to push up prices and weigh on economic activity.

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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.

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