Jerome Powell: “Many, many companies do expect to put all or — some of the effect of tariffs through to the next person in the chain…”

It is not a foregone conclusion

I won’t bow to political pressure when it comes to setting monetary policy.

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.