On the recordFebruary 26, 2018
I would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of reference.
Source
congress.govI would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of reference.
Powell clarifies the Federal Reserve's focus on monetary policy rather than fiscal policy.
Share
More from Jerome Powell
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
Part of that is due to the start-stop nature of the tariffs that have been introduced.
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.