Jerome Powell: “Job growth, he said, has slowed considerably and that the downside risks to employment are rising.”

If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.

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.

I have nothing for you on that today.

Tariffs this year are likely to push up prices and weigh on economic activity.