Jerome Powell: “While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than…”

If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

We may approach that point in coming months