Jerome Powell: “It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.”

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

Rising downside risks to employment have shifted our assessment of the balance of risks

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.

without the ability to pay interest on reserves, the Fed would lose control over rates