Economics Quote by Jerome Powell
“The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment.”
About This Quote
Source Speech: Federal Reserve Chair remarks, 2023
Monetary policy success is measured by meeting price stability and employment goals.
In simple terms: Policy works if it meets inflation and jobs targets.
Focus on stable prices and full employment.
Themes
Mood
Type
When to use this quote
- budget planning
- business strategy
- public communication
Key Concepts
Questions to Reflect On
- Are mandates realistic in all economic cycles?
- How to balance inflation control with growth?
Political pressures can distort policy priorities.