On the recordMay 6, 2025
We've judged that the risk to higher inflation and unemployment has risen
Source
cbsnews.comWe've judged that the risk to higher inflation and unemployment has risen
Powell indicates rising economic risks due to Trump's tariffs.
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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.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.