Jerome Powell said...

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.

Powell clarifies the Federal Reserve's focus on monetary policy rather than fiscal policy.

02/26/2018

More Jerome Powell Quotes

It’s not a situation where we can be pre-emptive, because we actually don’t know what the right response to the data wil...

The effects on inflation could be short lived — reflecting a one-time shift in the price level.

We do expect to see more of that over the course of the summer.

the Fed’s obligation is to keep longer-term inflation expectations anchored to make certain that a one time increase in ...