On the recordJune 24, 2025
The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration policies, are causing the Fed to adopt a wait-and-see approach.
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nbcnews.comEditor's note · Context
Powell explains the Fed's cautious stance due to inflation and Trump's policies.
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More from Jerome Powell
Jun 24, 2025
The effects on inflation could be short lived — reflecting a one-time shift in the price level.
Jun 24, 2025
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 the summer.
Jun 24, 2025
I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.
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