Political Quotes

On the recordMay 6, 2025
if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and a rise in unemployment.
Said by
Jerome Powell
Republican · District of Columbia

Editor's note · Context

Powell discusses the potential negative effects of sustained tariff increases on the economy.

Share

More from Jerome Powell

Jul 1, 2025

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

cbsnews.com
Jul 2, 2025

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

nypost.com
Jul 1, 2025

I have nothing for you on that today.

newsweek.com
Oct 14, 2025

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

apnews.com

Other voices in this conversation