If entrenched inequities prevent some Americans from participating fully in our labor markets, not only will they be held back from opportunities, but our economy overall will not realize its potential.
Chair Powell emphasizes the impact of inequities on the economy.
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without the ability to pay interest on reserves, the Fed would lose control over rates
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.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
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