Jerome Powell: “It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.”

I’m very focused on just doing my job.

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.

Part of that is due to the start-stop nature of the tariffs that have been introduced.

Tariffs this year are likely to push up prices and weigh on economic activity.