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Powell Says The Committee Is Very Consensus Oriented

FED
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  • Q: Have higher interest rates hurt investment in climate projects? Are they squeezing working people?
    • A: Our mandate is for maximum employment and price stability. That's how we can best serve the public. Leave the other issues to the people who have responsibility for those.
  • Q: Would you want to see unanimity on the Committee before beginning rate cuts?
    • A: We're very consensus oriented, and we do try to achieve consensus, and ideally unanimity. People do dissent. Life goes on. It's not a problem. You respect thoughtful dissents very much.
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  • Q: Have higher interest rates hurt investment in climate projects? Are they squeezing working people?
    • A: Our mandate is for maximum employment and price stability. That's how we can best serve the public. Leave the other issues to the people who have responsibility for those.
  • Q: Would you want to see unanimity on the Committee before beginning rate cuts?
    • A: We're very consensus oriented, and we do try to achieve consensus, and ideally unanimity. People do dissent. Life goes on. It's not a problem. You respect thoughtful dissents very much.