Jerome Powell
Appearances
Global News Podcast
As stock markets tumble again, Trump calls for a cut to interest rates
Tariffs are highly likely to generate at least a temporary rise in inflation. It's also possible that the effects could be more persistent. Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem.
NPR News Now
NPR News: 02-11-2025 12PM EST
We know that reducing policy restraint too fast or too much could hinder progress on inflation.
NPR News Now
NPR News: 02-03-2025 7PM EST
Netanyahu is under pressure from some in his government to resume the war against Hamas, especially after its displays of force during recent hostage releases. Netanyahu spoke to reporters before boarding a plane to Washington. He talked about the peace treaties with Arab countries that the last Trump administration helped broker.
NPR News Now
NPR News: 02-03-2025 7PM EST
And he said Israel's war against Hamas in Gaza and against Iran and its other proxies have redrawn the map of the Middle East.
NPR News Now
NPR News: 02-03-2025 7PM EST
Netanyahu is meeting first with Trump's Mideast envoy, Steve Witkoff, and then will talk to the president himself on Tuesday. Jerome Sokolovsky, NPR News, Tel Aviv.
NPR News Now
NPR News: 01-29-2025 8PM EST
If the economy remains strong and inflation does not continue to move sustainably toward 2 percent, we can maintain policy restraint for longer. If the labor market were to weaken unexpectedly or inflation were to fall more quickly than anticipated, we can ease policy accordingly.
NPR News Now
NPR News: 02-09-2025 7PM EST
Several countries are also condemning the suggestion by Israeli Prime Minister Benjamin Netanyahu that Saudi Arabia has enough land for a Palestinian state. Netanyahu appeared to be joking in response to a slip by an Israeli TV interviewer, but sensitivities are running high in the region. Jerome Sokolovsky, NPR News, Tel Aviv.
NPR News Now
NPR News: 02-09-2025 7PM EST
A statement by the Egyptian Foreign Ministry says the summit is being called in response to a Palestinian request. It says the leaders will gather on February 27th to discuss, quote, the new and dangerous developments in the Palestinian issue. Arab states have rejected Trump's recent comments about relocating Gaza's Palestinian residents and creating a Riviera of the Middle East there.
NPR News Now
NPR News: 04-04-2025 6PM EDT
We've taken a step back and we're watching to see what the policies turn out to be and the ways in which they will affect the economy, and then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that.
PBD Podcast
Iran Threatens Trump As Tariff Trade War RAGES | PBD Podcast | Ep. 572
We have stressed that it will be very difficult to assess the likely economic effects of higher tariffs until there is greater certainty about the details. such as what will be tariffed, at what level, and for what duration, and the extent of any retaliation from our trading partners.
PBD Podcast
Iran Threatens Trump As Tariff Trade War RAGES | PBD Podcast | Ep. 572
While uncertainty remains elevated, it is now becoming clear that tariff increases will be significantly larger than expected. And the same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remains uncertain.
PBD Podcast
Iran Threatens Trump As Tariff Trade War RAGES | PBD Podcast | Ep. 572
While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible that the effects could be more persistent. Avoiding that outcome would depend on keeping longer-term inflation expectations well anchored, on the size of the effects, and on how long it takes for them to pass through fully to prices.
PBD Podcast
Iran Threatens Trump As Tariff Trade War RAGES | PBD Podcast | Ep. 572
Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem. We'll continue to carefully monitor the incoming data, the evolving outlook, and the balance of risks. We're well positioned to wait for greater clarity before considering any adjustments to our policy stance.
PBD Podcast
Iran Threatens Trump As Tariff Trade War RAGES | PBD Podcast | Ep. 572
It is too soon to say what will be the appropriate path for monetary policy.
PBD Podcast
DOGE Audits The Fed, Pam Bondi vs New York, Tulsi Gabbard Confirmed, JFK Two Shooters? | PBD Podcast | Ep. 547
No, I would say that, you know, overworked, maybe not overstaffed. Everybody at the Fed works really hard. It's a place where people work.
PBD Podcast
DOGE Audits The Fed, Pam Bondi vs New York, Tulsi Gabbard Confirmed, JFK Two Shooters? | PBD Podcast | Ep. 547
So we're self-funding through our large balance sheet.
PBD Podcast
DOGE Audits The Fed, Pam Bondi vs New York, Tulsi Gabbard Confirmed, JFK Two Shooters? | PBD Podcast | Ep. 547
You know, indirectly, so we give away all of our profits, we give back to Treasury, and those profits would be higher if we didn't pay for the Fed. So in fairness, it does ultimately come, it's ultimately paid for.
PBD Podcast
DOGE Audits The Fed, Pam Bondi vs New York, Tulsi Gabbard Confirmed, JFK Two Shooters? | PBD Podcast | Ep. 547
Yeah, what are they talking about? In that sense, we're self-funded. Self-funded.
PBD Podcast
DOGE Audits The Fed, Pam Bondi vs New York, Tulsi Gabbard Confirmed, JFK Two Shooters? | PBD Podcast | Ep. 547
Not really. It's not going to be easy to identify with any accuracy exactly where costs do fall, but I think it would be hard to guarantee any particular outcome. I think we're just going to have to see. Great. Thank you.
The Dan Bongino Show
The Bongino Brief - Doge's Next Target Has Been Identified!!!
Law changes, no. I'm not aware of any law changes.
The Dan Bongino Show
The Bongino Brief - Doge's Next Target Has Been Identified!!!
Not that I'm aware of.
The Dan Bongino Show
The Bongino Brief - Doge's Next Target Has Been Identified!!!
Well, they'd have all the regulators except for the CFPB.
The Dan Bongino Show
The Bongino Brief - Doge's Next Target Has Been Identified!!!
If, in fact, in the hypothetical, the CFPB weren't carrying that out.
The Dan Bongino Show
Deranged Libs Go All In For Ukraine War and Govt. Corruption (Ep. 2423)
Law changes? No, I'm not aware of any law changes.
The Dan Bongino Show
Deranged Libs Go All In For Ukraine War and Govt. Corruption (Ep. 2423)
Well, they'd have all the regulators except for the CFPB. Very good. If, in fact, in the hypothetical, the CFPB weren't carrying that out.
The MeidasTouch Podcast
Gov. Wes Moore on Trump's Economic Chaos
I do think with the arrival of the tariff inflation, further progress may be delayed. The SEP doesn't really show further downward progress on inflation this year, and that's really due to the tariffs coming in.
The MeidasTouch Podcast
Gov. Wes Moore on Trump's Economic Chaos
In our summary of economic projections, the median participant projects GDP to rise 1.7 percent this year, somewhat lower than projected in December. and to rise a bit below 2% over the next two years.
Up First from NPR
Trump's Tariff Response, Economics of Tariffs, SCOTUS Rules on Deportations
In this situation... you actually have risks for higher unemployment and higher inflation.
Up First from NPR
Trump's Tariff Response, Economics of Tariffs, SCOTUS Rules on Deportations
It's difficult for a central bank because higher unemployment would call for speeding up the economy and higher inflation would call for slowing it down.
Up First from NPR
Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion
Clearly some of it, a good part of it, is coming from tariffs.
Up First from NPR
Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion
We will be watching very carefully for signs of weakness in the real data. Of course we will. But given where we are, we think our policy is in a good place to react to what comes, and we think that the right thing to do is to wait here for greater clarity about what the economy is doing.
Up First from NPR
Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion
Clearly some of it, a good part of it, is coming from tariffs. President Trump doesn't like it.
WSJ What’s News
Fed Holds Rates Steady, Dims Economic Outlook
Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace. Unemployment's 4.1%. Job creation most recently has been at a healthy level. Inflation has started to move up now, we think partly in response to tariffs, and there may be a delay in further progress over the course of this year. So that's the hard data. Overall, it's a solid picture.
WSJ What’s News
Goods From Canada, Mexico Still Exposed to U.S. Tariffs, Despite Pause
Looking ahead, the new administration is in the process of implementing significant policy changes in four distinct areas. Trade, immigration, fiscal policy, and regulation. It is the net effect of these policy changes that will matter for the economy and for the path of monetary policy.
WSJ What’s News
Goods From Canada, Mexico Still Exposed to U.S. Tariffs, Despite Pause
While there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their likely effects remains high. As we parse the incoming information, we are focused on separating the signal from the noise as the outlook evolves. We do not need to be in a hurry, and we are well positioned to wait for greater clarity.
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
While uncertainty remains elevated, it is now becoming clear that tariff increases will be significantly larger than expected. And the same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remains uncertain.
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible that the effects could be more persistent.