On the recordJune 25, 2025
If we make a mistake, people will pay the cost for a long time.
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cnn.comEditor's note · Context
Powell warned about the consequences of incorrect monetary policy decisions.
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without the ability to pay interest on reserves, the Fed would lose control over rates
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Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
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Rising downside risks to employment have shifted our assessment of the balance of risks
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