Jerome Powell: “We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe…”

the outlook for employment and inflation does not appear to have changed much since our September meeting

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

What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.

In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.