On the recordFebruary 2, 2022
getting past the pandemic is the single most important thing we can do.
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congress.govgetting past the pandemic is the single most important thing we can do.
Emphasizes the importance of overcoming the pandemic for economic recovery.
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We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.