On the recordJune 22, 2022
We really need to restore price stability, and get inflation back down to 2 percent, because without that, we are not going to be able to have a sustained period of maximum employment.
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congress.govWe really need to restore price stability, and get inflation back down to 2 percent, because without that, we are not going to be able to have a sustained period of maximum employment.
Powell emphasizes the need to control inflation for sustained employment.
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We do not take into account the fortunes of any political party or politician.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.