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.
Source
nbcnews.comEditor's note · Context
Powell explains the Fed's decision-making in response to Trump's tariffs.
Share
More from Jerome Powell
Jun 3, 2026
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
Jul 1, 2025
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
Other voices in this conversation
