Jerome Powell said...

if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation...

[It] doesn’t affect doing our job at all. We're always going to consider only the economic data, the outlook, the balanc...

It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data wil...

These are very fundamental policy changes.