Powell: ''Ignore the tariffs,'' inflation is behaving as the Fed expected

Inflation Trends - Inflation is behaving as expected, even without considering tariffs [1] - The timing, amount, and persistence of inflation remain highly uncertain [1] - Higher inflation readings are expected over the summer [2] - Inflation forecasts for the United States increased materially due to tariffs [3] Monetary Policy - The Fed paused its actions upon observing the size of the tariffs [3] - The Fed is waiting to assess the effects of tariffs on the US economy [4] - The US economy is currently in solid shape [4]