On the recordApril 15, 2025
We understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses.
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cnn.comEditor's note · Context
Powell acknowledges the societal impact of high unemployment and inflation.
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More from Jerome Powell
Jul 1, 2025
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
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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.
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It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
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