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Powell Won't Give Fiscal Recommendations on Inflation

FED

Q: Has the Fed been supported by White House / Congressional policy in combating inflation?

  • A: The Fed has responsibility for price stability. We take whatever fiscal activity arrives as a given. It's not our job to evaluate it. If Congress or the Administration have ways to help with inflation, I would encourage that, but I'm not going to get into making recommendations.
  • When we get inflation back under control, then maybe I can give other people advice. Right now we need to focus on doing our job, and I'll stick to that, stick in our lane.

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