Jerome Powell said...

the path of policy will depend entirely on incoming economic information and what that means for the outlook.

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

The things that are sold at retail now might have been put into inventory before the tariffs, so we think we should see ...

Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term i...