Jerome Powell: “I think certainly it would be very tough on the rural communities and, you know, I think we would feel that at the…”

It is not a foregone conclusion

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

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

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