Jerome Powell: “The level of the tariff increases announced so far is significantly larger than anticipated.”

Rising downside risks to employment have shifted our assessment of the balance of risks

I'm very focused on just doing my job.

As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.

When you significantly slow the growth of the labor force, you will slow the growth of the economy.