'Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.'
Editor's note · Context
Powell discussed inflation forecasts related to tariffs during his remarks.
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For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments
So our part of it is to try to get inflation under control, and that is what we are doing, and ideally we will do that with as little as possible damage to the economy and the labor market
Today, the amount of the tariff effects — the size of the tariff effects, their duration and the time it will take are all highly uncertain.
From my standpoint, it’s not complicated. What everyone on the [Federal Open Market Committee] wants is a good, solid American economy with strong labor market and price stability. That’s what we want.





