On the recordFebruary 23, 2021
Our policy is accommodative because unemployment is high and the labor market is far from maximum employment.
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congress.govOur policy is accommodative because unemployment is high and the labor market is far from maximum employment.
Powell explains the Fed's accommodative policy in response to high unemployment.
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We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
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.
We do not take into account the fortunes of any political party or politician.