We understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses.
Sometimes the surveys are very negative, but they keep spending.
While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persi...
We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.
it feels like we don’t need to be in a hurry.
Our obligation is to keep longer-term inflation expectations well anchored.
Looking ahead, higher tariffs will be working their way through our economy and are likely to raise inflation in coming quarters.
I will say, though, it feels like we don’t need to be in a hurry.
At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices
it is also possible that the effects could be more persistent
significantly larger than expected