On the recordJune 3, 2026
We do not take into account the fortunes of any political party or politician.
Source
theguardian.comWe do not take into account the fortunes of any political party or politician.
Emphasizing the Fed's impartiality in decision-making.
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Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.