Political Quotes

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.

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

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.