On the recordMarch 18, 2025
Inflation has started to move up now, we think, partly in response to tariffs.
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nbcnews.comEditor's note · Context
Powell links rising inflation to Trump's tariff policies.
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More from Jerome Powell
Jul 1, 2025
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.
Jul 1, 2025
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
Oct 14, 2025
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
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