I believe, Governor Brainard, that 30 percent of the consumer price index is based on housing prices.
But what struck me is that the production is not even up to the levels that they have set for themselves.
I want to commend her.
I think history will treat it as the right thing to do.
I want inflation to go down, and I do think we will start to see movement down.
Those prices at the pumps are hurting working Americans across the country.
the issue of climate change is absolutely critical. It is an economic issue.
I believe that President Biden has made two excellent choices, yourself and Governor Brainard.
I would hope that we could continue that type of progress, and I know you will be sensitive to that, going forward.
Well, thank you. I concur.
a critical part of our economy is the ability of the Federal Reserve to control money supply.