Jerome Powell: “I think we need to be concerned with fiscal sustainability over the long term.”

Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.

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

I want to hand over to my successor an economy in good shape.

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.