I just would say that, for example, the municipal facility--the level of municipal borrowing is set to exceed the all-time annual record this year, and that is because of the backstop of this facility.
Powell discusses the success of the municipal borrowing facility.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
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