On the recordJanuary 10, 2022
We have to achieve price stability, and I believe we will, and I am confident we will.
Source
congress.govWe have to achieve price stability, and I believe we will, and I am confident we will.
Powell expresses confidence in achieving price stability amid economic challenges.
Share
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.
Tariffs this year are likely to push up prices and weigh on economic activity.