On the recordJune 20, 2023
Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.
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congress.govPrice stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.
Powell highlights the importance of price stability for economic functionality.
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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.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.