Jerome Powell: “We must address this issue to honor commitments made by this and prior Congresses, including those made to address the…”

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.

We may approach that point in coming months

It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.

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.