Jerome Powell: “My expectation is that we will see some relief on the supply side, as the year goes on.”

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

without the ability to pay interest on reserves, the Fed would lose control over rates

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

I’m very focused on just doing my job.