Climate change, again, is a very important issue, one that is really the provenance of elected representatives to set the overall direction of society and how we will respond to climate change and its challenges.
Powell emphasizes the role of elected officials in addressing climate change.
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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.
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.
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