On the recordFebruary 10, 2020
Our goal, as assigned by Congress, is maximum employment and stable prices.
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congress.govOur goal, as assigned by Congress, is maximum employment and stable prices.
Powell reaffirmed the Fed's dual mandate from Congress.
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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.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.