Powell Asked About Fed Response To Inflation: 'Are You Worried About Fed Credibility?'

Ajouté : 2026-04-30

[00:00:00]Good argument to be having, good discussion to be having. So, and it came out the way it came out. Well, you've got uh three dissents uh in favor of uh two-sided uh warning. Uh you've got yourself staying on the board. You've got the criticism that does come from elected officials.

[00:00:18]Uh and you've got a lot of uh critics who have faulted the Fed for being too slow in 2021 with inflation. Are you worried about Fed credibility under all of this? Is that one reason that you want to stay on?

[00:00:33]Not not driving my my thinking now. I mean, monetary policy is going to get made by you know, 19 people.

[00:00:42]There's a lot of stability there. Uh I mean, if you think about it, any every new fair Fed chair has the same situation, which is you've got 18 colleagues on the FOMC, 11 of them vote during any year, and you have to your job is to create consensus. It's It's to talk to them, understand them, you know, be inside their thinking, and be able to pull them together, and and get consensus, and move. And that's that's what every Fed chair has to do.

[00:01:11]And I I think Kevin Warsh is actually quite well, he has the capabilities, skills to be to be very good at that, I would think. So, I think I I'm not so worried about that process, you know, uh I think that'll that'll work itself out.

[00:01:25]>> [clears throat] >> Powell.

[00:01:29]Uh thank you, Chair Powell.