On the recordJuly 1, 2025
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.
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nbcnews.comEditor's note · Context
Powell explains the Fed's decision-making in response to Trump's tariffs.
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More from Jerome Powell
Jun 24, 2025
For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.
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
increases in tariffs this year are likely to push up prices and weigh on economic activity
Jun 23, 2025
For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments
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