On the recordMarch 19, 2012
Thank you, Senator Menendez. I am in significant agreement with Dr. Stein's points.
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congress.govThank you, Senator Menendez. I am in significant agreement with Dr. Stein's points.
Powell expresses agreement with Stein regarding the Fed's monetary policy.
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More from Jerome Powell
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.