Jerome Powell

I'm very focused on just doing my job.

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

I’m very focused on just doing my job.

I do think that’s right.

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.

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

I think that's right

I want to hand over to my successor an economy in good shape.

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.

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.

We don’t take into consideration political factors

Tariffs this year are likely to push up prices and weigh on economic activity.

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

The U.S. economy was in solid shape, but warned of very high uncertainty due to the impact of tariffs.

'Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.'

The economy was 'in solid shape'

If we make a mistake, people will pay the cost for a long time.

I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.

We’re beginning to see some effects. We expect to see more.

It would be inappropriate for us to comment on the policy of tariffs.

The effects on inflation could be short lived — reflecting a one-time shift in the price level.

Policy changes continue to evolve, and their effects on the economy remain uncertain.

We will get to a place where we cut rates.