Jerome Powell said...

The level of the tariff increases announced so far is significantly larger than anticipated.

It would be inappropriate for us to comment on the policy of tariffs.

The things that are sold at retail now might have been put into inventory before the tariffs, so we think we should see ...

We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it...