Jerome Powell: “Tariffs could lead to inflation, economic slowdown.”

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

The outlook for employment and inflation does not appear to have changed much since our September meeting