On the recordJune 25, 2025
If we make a mistake, people will pay the cost for a long time.
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cnn.comIf we make a mistake, people will pay the cost for a long time.
Powell warned about the consequences of incorrect monetary policy decisions.
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So our part of it is to try to get inflation under control, and that is what we are doing, and ideally we will do that with as little as possible damage to the economy and the labor market
From my standpoint, it’s not complicated. What everyone on the [Federal Open Market Committee] wants is a good, solid American economy with strong labor market and price stability. That’s what we want.
Policy changes continue to evolve, and their effects on the economy remain uncertain.