Jerome Powell: “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for…”

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

I would agree that climate is the biggest risk.

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.