Jerome Powell
speaker
737 appearances
119 recordings
38 series
first heard Mar 2018
last heard 11 Jun
Jerome Powell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 68 in all, peaking in Jan 2026 with 43.
Appearances
These readings are little changed from the beginning of the year, although the underlying composition of price changes has shifted.
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Services inflation has continued to ease, while increased tariffs are pushing up prices in some categories of goods.
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Near-term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs, as reflected in both market-based and survey-based measures.
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I think you have to think of this as still quite early days.
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And so I think what we're seeing now is substantial amounts of tariff revenue being collected on the order of 30 billion a month, which is substantially higher than before.
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And the evidence seems to be mostly not paid, paid only to a small extent through exporters lowering their price.
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And companies or retailers, sort of people who are upstream, institutions that are upstream from the consumer, are paying most of this for now.
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It's starting to show up in consumer prices, as you know, in the June report.
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We expect to see more of that.
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And we know from surveys that companies feel that they have every intention of
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of putting this through to the consumer, but the truth is they may not be able to in many cases.
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So I think we're just gonna have to watch and learn empirically how much of this and over what period of time.
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I think we've learned that the process will probably be slower than expected at the beginning, but we never expected it to be fast.
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And we think we have a long way to go to really understand exactly how it will be.
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So that's how we're thinking of it right now.
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Changes to trade, immigration, fiscal, and regulatory policies continue to evolve, and their effects on the economy remain uncertain.
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The effects of tariffs will depend, among other things, on their ultimate level.
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Expectations of that level and thus of the related economic effects reached a peak in April and have since declined.
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Even so, increases in tariffs this year are likely to push up prices and weigh on economic activity.
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The effects on inflation could be short lived, reflecting a one time shift in the price level.
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Showing 521–540 of 737 · page 27 of 37
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