On the recordJuly 14, 2021
We are all thinking about that----and really asking ourselves whether we have the right frame of reference.
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congress.govWe are all thinking about that----and really asking ourselves whether we have the right frame of reference.
Powell acknowledges the need for a proper understanding of inflation.
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We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.