Jerome Powell said...

if not contained and reversed, the downturn could further widen gaps in economic well-being

Warns about the economic downturn exacerbating racial wealth gaps.

06/16/2020

More Jerome Powell Quotes

In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United S...

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

non-political analysis

The effects on inflation could be short lived — reflecting a one-time shift in the price level.