On the recordMarch 7, 2023
I think the costs of failure to restore price stability would be extremely high, and while there will be a cost to success, the cost of failure will be much higher.
Source
congress.govJerome Powell: “I think the costs of failure to restore price stability would be extremely high, and while there will be a cost to…”
Editor's note · Context
Powell emphasizes the severe consequences of failing to control inflation.
Share
More from Jerome Powell
Oct 14, 2025
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
Jul 6, 2025
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
Oct 14, 2025
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
Other voices in this conversation
