On the recordJune 19, 2025
Today, the amount of the tariff effects — the size of the tariff effects, their duration and the time it will take are all highly uncertain.
Today, the amount of the tariff effects — the size of the tariff effects, their duration and the time it will take are all highly uncertain.
Powell discusses uncertainties related to tariffs and their impact on the economy.
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More from Jerome Powell
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
the outlook for employment and inflation does not appear to have changed much since our September meeting