On the recordJuly 1, 2025
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
Powell outlines his goals for the economy during his remaining term as chair.
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If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.