Jerome Powell actually said...

'Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.'

Powell discussed inflation forecasts related to tariffs during his remarks.

06/25/2025

More Jerome Powell Quotes

uncertainty around the changes and their likely effects remains high.

the central bank is well positioned to wait for greater clarity

Sentiment readings have not been a good predictor of consumption growth in recent years.

It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.