Federal Reserve Chairman Powell

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.

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.

In our summary of economic projections, the median participant projects GDP to rise 1.7% this year, somewhat lower than projected in December. and to rise a bit below 2% over the next two years.

In our summary of economic projections, the median participant projects GDP to rise 1.7% this year, somewhat lower than projected in December. and to rise a bit below 2% over the next two years.

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.

In our summary of economic projections, the median participant projects GDP to rise 1.7% this year, somewhat lower than projected in December. and to rise a bit below 2% over the next two years.