Jerome Powell: “The net effect of these policy changes... encompasses an aggressive…”

On the recordMarch 13, 2025

The net effect of these policy changes... encompasses an aggressive crackdown on immigration and mass layoffs of federal workers.

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Republican · District of Columbia

Source

Powell discussed the broader implications of Trump's policy changes on the economy.

More from Jerome Powell

Jul 25, 2025

I haven’t heard that.

Jul 1, 2025

Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.

Jul 1, 2025

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

Jun 20, 2026

The Fed’s credibility would be lost.

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Jerome Powell: “The net effect of these policy changes... encompasses an aggressive crackdown on immigration and mass layoffs of federal…”