On the recordJanuary 10, 2022
price stability is half of our mandate.
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congress.govprice stability is half of our mandate.
Powell clarifies that price stability and maximum employment are equally important mandates.
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What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy