On the recordJuly 9, 2019
Let me start by saying that my colleagues and I strongly support the goals of maximum employment and price stability that Congress has set for us for monetary policy.
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congress.govEditor's note · Context
Powell reaffirms the Federal Reserve's commitment to employment and price stability.
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Jul 1, 2025
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
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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.
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If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
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