On the recordJune 24, 2025
Policy changes continue to evolve, and their effects on the economy remain uncertain.
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cnn.comPolicy changes continue to evolve, and their effects on the economy remain uncertain.
Powell emphasizes the evolving nature of policy impacts on the economy.
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Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
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.
I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.