Inflation has started to move up now, we think, partly in response to tariffs.
Uncertainty around the economic outlook has increased.
Clearly some of it, a good part of it, is coming from tariffs.
Inflation has started to move up.
Chances of a recession were extremely low — if you go back two months. It has moved up, but it's not high.
The net effect of these policy changes... encompasses an aggressive crackdown on immigration and mass layoffs of federal...
The core messaging from the January meeting, where Chair [Jerome] Powell emphasized the Fed was 'not in a hurry' to make...
We are focused on separating the signal from the noise as the outlook evolves.
The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue.
The net effect of these policy changes that will matter for the economy and for the path of monetary policy.
Uncertainty around the changes and their likely effects remains high.