Jerome Powell: “For the time being, we are well positioned to wait for greater clarity.”

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

Tariffs this year are likely to push up prices and weigh on economic activity.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.