Jerome Powell: “I feel strongly that climate change is an important issue that needs to be addressed by elected people.”

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

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.

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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