Jerome Powell: “The best approach is to deal directly with the people who are affected rather than falling back on tariffs.”

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

We may approach that point in coming months

Part of that is due to the start-stop nature of the tariffs that have been introduced.

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.