Jerome Powell: “the overall response of society to climate change...has to come from elected officials in Congress and also in executive…”

I do think that’s right.

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

Rising downside risks to employment have shifted our assessment of the balance of risks

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.