Jerome Powell: “But, more generally, Senator, I think focusing on things that will make a longer-run difference to our economy is what I…”

Tariffs this year are likely to push up prices and weigh on economic activity.

It is not a foregone conclusion

What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.

When you significantly slow the growth of the labor force, you will slow the growth of the economy.