On the recordFebruary 10, 2025
It’s not the Fed’s job to make or comment on tariff policy. ... That’s for elected people and it’s not for us to comment.
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nbcnews.comEditor's note · Context
Powell clarifies that trade policy is not within the Fed's responsibilities.
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More from Jerome Powell
Jul 1, 2025
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
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Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
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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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