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Powell: We will remain alert to any financial stability risks
Added at 10:02am
Added at 10:03am
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Powell: Remarks at the Ceremonial Swearing-in
It is both humbling and a great privilege to be standing here today.1 I am particularly honored by the trust and faith that the President has placed in me and by the Senate's quick action in confirming me. There is no greater honor than public service, as Randy, Lael and all of our colleagues here at the Fed would agree. The Congress has assigned the Federal Reserve the goals of stable prices and maximum employment. Price stability means that businesses and households can make important decisions without concern for high or volatile inflation. Maximum employment means that those who want a job either have one or can ... (full story)