On the recordMarch 19, 2024
It is well past time we all have an adult conversation about fiscal responsibility.
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congress.govIt is well past time we all have an adult conversation about fiscal responsibility.
Emphasizes the urgency of discussing fiscal responsibility.
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If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.
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.