The United States is undergoing profound policy changes that place the Federal Reserve in uncharted territory, says Federal Reserve Chair Jerome Powell.
Powell spoke at the Economic Club of Chicago on April 16, telling the audience that the Trump administration is engaging in “very fundamental policy changes.”
“There isn’t a modern experience for how to think about this,” Powell said.
Here are key takeaways from Powell’s prepared remarks and question-and-answer session.
Challenges for the Dual Mandate
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