00:00Obviously, I can't speak to any investigations or anything like that, but I will say that I've worked with Chairman Powell for over 13 years, and I've worked closely with him throughout that time.
00:12And he, throughout that time, has been completely dedicated and committed to the Federal Reserve's mission to support the American people.
00:20And throughout that time, he's proven himself to be a man of impeccable integrity and a man who has been calmly leading the Federal Reserve through times of heightened uncertainty and led us very effectively.
00:38And I just wanted to share that perspective from my point of view.
00:43One of the things that Chair Powell said in his remarks on society was he highlighted the importance of independence of society, and I agree fully with that.
00:54And I will add that history teaches us lessons about this, that when there's attempts to unduly influence monetary policy decisions, when those are successful, those often lead to very unfortunate economic outcomes, including economic instability and high inflation.
01:11For me, on your final question of how does it affect us, we have a big job.
01:19I mentioned maximum employment or price stability.
01:21I mentioned this.
01:23My 100% of my focus and of my colleagues, thinking about how do we best achieve maximum employment or price stability, that's what I'm focused on.
01:33I mentioned this.
01:34I'm going to start from when we think about the
Be the first to comment