Jerome Powell: “We have to achieve price stability, and I believe we will, and I am confident we will.”

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

Rising downside risks to employment have shifted our assessment of the balance of risks

Part of that is due to the start-stop nature of the tariffs that have been introduced.

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