Political Quotes

On the recordJuly 25, 2025
I haven’t heard that.
Said by
Jerome Powell
Republican · District of Columbia

Editor's note · Context

Powell responds to Trump's claim about construction costs during his visit to the Federal Reserve.

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Jul 1, 2025

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

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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.

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Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.

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As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.

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