On the recordJuly 1, 2025
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.
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nbcnews.comAs 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.
Powell emphasizes the need for caution in monetary policy amid economic uncertainty.
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The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
Part of that is due to the start-stop nature of the tariffs that have been introduced.
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.