On the recordApril 30, 2024
I think my confidence in that is lower than it was because of the data that we've seen.
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transcripts.cnn.comEditor's note · Context
Federal Reserve Chairman Powell expresses reduced confidence in controlling inflation.
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Oct 14, 2025
without the ability to pay interest on reserves, the Fed would lose control over rates
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So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
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Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
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