On the recordMay 14, 2025
We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks.
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usatoday.comWe may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks.
Powell warns of ongoing supply shocks affecting the economy and central banking.
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More from Jerome Powell
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.