Yes, but not directly. If you listen to the last FOMC meeting, Powell mentions there will likely be significant weakening of the labor market and a rise of unemployment. As well as his famous "there will be pain" remarks.
I don't think he directly said "he won't stop until" though.
Unlike smooth talking politicians, the Federal Reserve actually tries to be honest about the effects of their policies. This is something that should be applauded, not exploited as a means to get political capital.
I'm not sure why you think this is true. For month's Powell has been shifting the narrative. First it was under control, then it was a soft landing, now it's going to be a rough landing. What'll it be tomorrow?
I don't think they're being dishonest. I think they're constrained in how forthright they can be, lest they trigger a market reaction.
Yeah, I mean maintaining full employment is one of the fed's mandates. It would be an insane thing for a fed chair to just come out and say. I assume he want's to keep his job, and pissing off the Senate isn't the way to go about that.
Aunche|3 years ago
aschearer|3 years ago
I don't think they're being dishonest. I think they're constrained in how forthright they can be, lest they trigger a market reaction.
importantbrian|3 years ago
unknown|3 years ago
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