Jerome Powell is the Chairman of the U.S. Federal Reserve who has made various statements regarding inflation, interest rates, and the economy.
Powell's statements on inflation
Powell said that the latest U.S. inflation data "aligns with what we are seeing."
Powell stated that higher-than-expected inflation in January and February does not change the direction that price increases will continue to decline this year.
Powell warned that the central bank could face a "challenging scenario" in managing rising inflation.
Powell's statements on interest rates
Powell said that the Fed will wait for more data regarding the direction of the economy before changing interest rates.
Powell stated that President Donald Trump's tariff policy risks pushing inflation and employment further away from the central bank's goals.
Powell's statements on the economy
Powell said that tariffs could lead to inflation and an economic slowdown.
Powell has served as Chairman of the Board of Governors of the Federal Reserve System since 2018. He was reappointed for a fourth term in 2022.
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