On the recordJuly 1, 2025
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
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cbsnews.comAs long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Powell emphasized the need to monitor tariff impacts on the economy.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.