Jerome Powell: “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…”

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

I have nothing for you on that today.