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.
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cbsnews.comFor 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.
Powell emphasizes the need for more data before adjusting interest rates.
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More from Jerome Powell
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.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
There are no new water features, there’s no beehives, and there’s no roof terrace gardens
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.