From my standpoint, it’s not complicated. What everyone on the [Federal Open Market Committee] wants is a good, solid American economy with strong labor market and price stability. That’s what we want.

Today, the amount of the tariff effects — the size of the tariff effects, their duration and the time it will take are all highly uncertain.

non-political analysis

I don’t think it’s up to a Fed chair to seek a meeting with the president

monetary policy decisions would be based solely on careful, objective, and non-political analysis

the path of policy will depend entirely on incoming economic information and what that means for the outlook.

The most important thing for everyone to understand about the ongoing existential battle to preserve our American birthright of a free and open society is that all these institutions — and the vast sources of independent knowledge…

We're in the right place to wait and see how things evolve. We don't feel like we need to be in a hurry. We feel like it's appropriate to be patient.

Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term inflation expectations.

We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks.

It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data will be until we see more data.

We've judged that the risk to higher inflation and unemployment has risen