I think climate change is a very important issue, and if you will allow me, I will start by saying that the nation's policy on climate change really needs to be set, in the first instance, by you, elected Representatives in the House and Senate, and then by the Administration through the agencies that Congress has created.
Powell emphasizes the importance of congressional leadership on climate change policy.
Share
More from Jerome Powell
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.
Tariffs this year are likely to push up prices and weigh on economic activity.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Other voices in this conversation
