CSPAN Federal Reserve Chair Powell Holds News Conference November 3, 2022
Jerome good afternoon my colleagues and i are strongly committed to bringing inflation down to the 2 goal. We have the tools that we need and the resolve that it will take to restore price stability on the behalf of American Families and businesses. Price stability is a responsibility of the Federal Reserve serves as a bedrock of the economy. Without the price stability the economy does not work for anyone. Particularly without price stability we will not achieve a sustained period of strong Labor Conditions to benefit all. Today the fomc raised the policy Interest Rate i 75 basis points and w...