· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook
Read full speech on federalreserve.gov ↗ContextSpeech by Jerome Powell on the economic outlook at the University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum in New York.
Why it mattersPowell signals patience as near-term inflation expectations rise with tariff uncertainty.
Problems raised
- Uncertainty is elevated.
- Near-term inflation expectations rose.
- Risks affect both sides of the mandate.
Solutions proposed
- Keep long-term expectations anchored at 2%.
- Ease if the labour market weakens.
- Stay well positioned for risks.