On the recordMarch 6, 2025
It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.
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cnn.comIt is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.
Powell emphasized the importance of overall policy changes on economic outcomes.
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So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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.
Tariffs this year are likely to push up prices and weigh on economic activity.