I think it is really important for the longer run that we get the housing finance system off the Federal Government's balance sheet and using market forces and some of the things that are already in place and carry forward some kind of a reform.
Emphasizes the need for housing finance reform to benefit the economy long-term.
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More from Jerome Powell
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
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