On the recordOctober 14, 2025
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
Reflecting on past decisions regarding asset purchases and inflation.
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More from Jerome Powell
The outlook for employment and inflation does not appear to have changed much since our September meeting
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.