On the recordMay 26, 2025
We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it's appropriate to be patient.
Source
cbsnews.comWe're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it's appropriate to be patient.
Powell emphasizes the Fed's cautious approach to interest rate changes.
Share
More from Jerome Powell
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
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.