Jerome Powell said...

No, 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.

03/07/2023

More Jerome Powell Quotes

'Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.'

For the time being, we are well positioned to wait to learn more about the likely course of the economy before consideri...

we don’t take into consideration political factors

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