On the recordJune 22, 2022
We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.
Source
congress.govWe are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.
Powell reaffirms the Fed's commitment to reducing inflation.
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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.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
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