the best thing any one of us can do to increase employment, raise wages, improve our supply chains, and reduce inflation is to get vaccinated, to wear masks, and follow the medical guidance to prevent the spread of COVID-19.
Powell emphasizes vaccination and health measures to boost the economy and reduce inflation.
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When you significantly slow the growth of the labor force, you will slow the growth of the economy.
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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