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Acceptance Remarks

· Jerome H Powell, Chair of the Federal Reserve (United States)

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Jerome H Powell Wiki · Federal Reserve WikiAcceptance Remarks

ContextPre-recorded acceptance remarks by Jerome Powell for the Paul A. Volcker Public Integrity Award of the American Society for Public Administration.

Why it mattersThe outgoing Fed Chair speaks about integrity and independence under political pressure.

Problems raised
  1. Public servants face political pressure.
  2. Fighting inflation can require painful choices.
  3. Short-term pressures threaten long-term goals.
Solutions proposed
  1. Follow Paul Volcker's example of firmness.
  2. Keep independence to do what is right.
  3. Use independence with integrity.
Read full speech on federalreserve.gov ↗

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