Jerome Powell: “I don’t think it’s up to a Fed chair to seek a meeting with the president”

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

I do think that’s right.

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

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.