Jerome Powell actually said...

For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments t...

The things that are sold at retail now might have been put into inventory before the tariffs, so we think we should see [higher prices] over...

increases in tariffs this year are likely to push up prices and weigh on economic activity

The effects on inflation could be short lived — reflecting a one-time shift in the price level.