Elizabeth Warren actually said...

Even if the Fed did succeed in the Herculean task for getting the unemployment rate down to 7 percent, we could never be sure that the unemployment rate was below what we call the 'natural rate,' in which case it would give rise to a rising inflation rate in the next few years, which would be disastrous for the economy.

Context

Warren critiques past Fed predictions regarding unemployment and inflation.

01/22/2018

https://www.congress.gov...

More Elizabeth Warren Quotes

If we cut the Federal budget the way the Republicans have proposed.
3/7/2023
So serious conversations about reducing the national debt should start with rebalancing our tax system, not start with how to hurt families.
3/7/2023
So there is one option that we are talking about, $1 trillion just to roll back the Trump tax cuts for the wealthiest Americans.
3/7/2023
Responsible lawmakers should flat out refuse to cut a single dollar of investments for the 99 percent of Americans.
3/7/2023

View All Elizabeth Warren Quotes