On the recordFebruary 11, 2019
The U.S. economy is now in a good place. At the moment, unemployment is low, prices are near 2 percent inflation, so we're in a good place now.
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congress.govThe U.S. economy is now in a good place. At the moment, unemployment is low, prices are near 2 percent inflation, so we're in a good place now.
Jerome Powell comments on the current state of the U.S. economy and low unemployment.
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More from Jerome Powell
the outlook for employment and inflation does not appear to have changed much since our September meeting
Tariffs this year are likely to push up prices and weigh on economic activity.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
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.