On the recordMarch 11, 2025
We are focused on separating the signal from the noise as the outlook evolves.
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nbcnews.comWe are focused on separating the signal from the noise as the outlook evolves.
Powell emphasizes caution in changing interest rates amid evolving economic conditions.
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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.
Tariffs this year are likely to push up prices and weigh on economic activity.