I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment...
Tariffs this year are likely to push up prices and weigh on economic activity.
we don’t take into consideration political factors
Part of that is due to the start-stop nature of the tariffs that have been introduced.
If we make a mistake, people will pay the cost for a long time.
the economy was 'in solid shape'
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.'
increases in tariffs this year are likely to push up prices and weigh on economic activity
One of the reasons for why economic growth looks sluggish this year.
We will get to a place where we cut rates.