This would be a complicated and challenging judgment we would have to make
We've judged that the risk to higher inflation and unemployment has risen
It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data wil...
We don't have to be in a hurry. The economy is resilient and doing fairly well.
if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation...
[It] doesn’t affect doing our job at all. We're always going to consider only the economic data, the outlook, the balanc...
the Fed would assess which goal – stable prices or maximum employment – is furthest away and prioritize achieving it.
the Fed’s obligation is to keep longer-term inflation expectations anchored to make certain that a one time increase in ...
a matter of law
very long terms.
Trump's tariffs could present a potential conflict between its mandate to keep prices stable and promote full employment...