Jay Powell
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Stay out of elected politics.
Don't get pulled into elected politics.
Don't do it.
Some people did want to cut and dissented, but committee pretty broadly for holding today.
We still have some tension between employment and inflation, but it's less than it was.
I think that the upside risks to inflation and the downside risks are probably both diminished a bit.
So, you know, we'll be looking at that.
There are different views on the committee and, you know, we'll find our way forward as the data evolve.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.
Public service sometimes requires standing firm in the face of threats.
I will continue to do the job the Senate confirmed me to do.
That was Fed Chair Jay Powell.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.
Public service sometimes requires standing firm in the face of threats.
I will continue to do the job the Senate confirmed me to do.
That was Fed Chair Jay Powell.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public rather than following the preferences of the president.
Okay, well, let me know who she is. Chamath and I will go beat her up and get your money back.
Okay, well, let me know who she is. Chamath and I will go beat her up and get your money back.