I haven’t heard that.
Editor's note · Context
Powell responds to Trump's claim about construction costs during his visit to the Federal Reserve.
Share
More from Jerome Powell
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.
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.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
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.





