Jerome Powell: “The idea that countries that borrow in their own currency can't get into trouble is just wrong. And the idea that debt…”

Part of that is due to the start-stop nature of the tariffs that have been introduced.

I think that's right

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

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