On the recordOctober 14, 2025
without the ability to pay interest on reserves, the Fed would lose control over rates
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apnews.comEditor's note · Context
Commenting on the implications of a Senate measure regarding interest on reserves.
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Jun 22, 2023
So our part of it is to try to get inflation under control, and that is what we are doing, and ideally we will do that with as little as possible damage to the economy and the labor market
Jul 1, 2025
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.
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