Jerome Powell said...

The U.S. economy was in solid shape, but warned of very high uncertainty due to the impact of tariffs.

the outlook for employment and inflation does not appear to have changed much since our September meeting

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 b...