Jerome Powell

1. Inflation and Tariffs:

“The proposed new tariffs could contribute to higher inflation rates, both temporarily and in the long term.”

2. Economic Assessment:

“The U.S. economy remains fundamentally strong, and the labor market is showing remarkable resilience.”

3. Monetary Policy and Decision-Making:

“We are in a position to be patient before making any decisions regarding interest rates, and we will continue to closely monitor economic data.”

4. Fed Trends:

“There are divergent views within the committee; some members are inclined to cut rates if conditions deteriorate, while others believe the current policy stance should be maintained to combat inflation.”