On the recordMarch 6, 2025
While there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their likely effects remains high.
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cbsnews.comWhile there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their likely effects remains high.
Powell discusses the uncertainty surrounding economic policy changes under Trump.
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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.
Tariffs this year are likely to push up prices and weigh on economic activity.
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.