MTP NOW Sept. 2 — Biden’s primetime speech; Pandemic learning losses; Heat waves hit the west
Meet the Press
00:00
The Federal Reserve Is Responsible for Price Stability, Even if It's an Energy Shock
I think j powell's been perfectly clear that 75 basis points is a real, a sort of outlier in terms of how big of an increase a it could be consistent without. What they choose to do in september has more to do with whether they think they need to act rigtaly quickly or not. The biggest news that ja pal made a jackson hall was to say that the federal reserve is responsible for price stability and bringing down inflation no matter what causes it. So it's absolutely case tat we're gong to need some good luck along with good policy making o fully get us off landing.
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