On the recordMarch 7, 2023
No, we don't borrow money. We don't shut down the Fed when we have negative income.
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congress.govNo, we don't borrow money. We don't shut down the Fed when we have negative income.
Powell clarifies that the Fed does not borrow money despite negative income.
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More from Jerome Powell
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.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.