Comments from Biden

Comments from Biden
  • We need stability and independence at the Federal Reserve
  • Powell has stood up to political interference in the past
  • Bipartisan support is important, especially now
  • Powell said his top priority was climate change

There's nothing surprising here.

Comments from Powell:

  • We know high inflation takes a toll on families
  • Economy is expanding at its fastest pace in many years
  • The economy carries the promise of returning to full employment
  • Brainard brings formidable talent to Fed

Brainard also spoke but it was the usual boilerplate stuff.

Powell comments