On the recordApril 3, 2025
At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices
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cbsnews.comAt the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices
Powell emphasized the Fed's commitment to maintaining employment and price stability.
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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.
Tariffs this year are likely to push up prices and weigh on economic activity.