#PowellRemarks

Fed decision recap: Central bank signals stagflation fears, Powell says Fed ‘well positioned to wait’ on rates

Powell says he sees no signs of the economy weakening

While speaking about the sustained strength in the labor market, Powell added that he sees no signs in the near term that the U.S. economy will weaken.

"The U.S. economy has defied all kinds of forecasts for it to weaken, really over the last three years, and it's been remarkable to see … again and again when people think it's going to weaken out. Eventually it will, but we don't see signs of that now," he said.

— Lisa Kailai Han

Tariffs will ultimately be passed on to the consumer in some form, Powell says

Federal Reserve Chair Powell said on Wednesday that tariffs are an unavoidable cost increase to businesses and consumers.

"Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs because someone has to pay for the tariffs," Powell said. "It will be someone in that chain that I mentioned, between the manufacturer, the exporter, the importer, the retailer, ultimately somebody putting it into a good of some kind or just the consumer buying it."

"All through that chain, people will be trying not to be the ones who can take up the cost but ultimately, the cost of the tariff has to be paid. And some of it will fall on the end consumer."

— Brian Evans