On the recordJune 20, 2025
We do expect to see more of that over the course of the summer.
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cnn.comEditor's note · Context
Powell anticipates inflation effects from tariffs will increase in summer.
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More from Jerome Powell
Jul 1, 2025
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.
Jul 1, 2025
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.
Jul 1, 2025
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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