Jerome Powell: “the Fed's understandably cautious stance also opens the door for the Committee to be late to the party”

I do think that’s right.

I have nothing for you on that today.

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

As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.