On the recordMarch 18, 2025
Clearly some of it, a good part of it, is coming from tariffs.
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bbc.comClearly some of it, a good part of it, is coming from tariffs.
Powell attributes rising prices to tariffs imposed by the Trump administration.
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More from Jerome Powell
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
Tariffs this year are likely to push up prices and weigh on economic activity.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.