Jerome Powell: “If it results in higher tariffs, then I think--you know, I hardly need to tell you what higher tariffs would do for…”

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

I won’t bow to political pressure when it comes to setting monetary policy.

we don’t take into consideration political factors

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.