On the recordJune 22, 2022
It is a very important sector of the economy for the reasons you point out.
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congress.govIt is a very important sector of the economy for the reasons you point out.
Powell emphasizes the significance of the housing sector.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
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.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.