Fed Chair Powell: ‘We Do Not Consider Politics in Our Decisions’

PELLEY voice over Jerome ░░░░░░░░ has about two years ░░░░░░░░ his current term as ░░░░░░░░ He suggested to us ░░░░░░░░ likely time for the ░░░░░░░░ interest rate cut would ░░░░░░░░ the middle of the ░░░░░░░░ a few months before ░░░░░░░░ election PELLEY Your decisions ░░░░░░░░ are going to have ░░░░░░░░ bearing on this year ░░░░░░░░ election And I wonder ░░░░░░░░ what degree does politics ░░░░░░░░ your timing Powell We ░░░░░░░░ not consider politics in ░░░░░░░░ decisions We never do ░░░░░░░░ we never will It ░░░░░░░░ not easy to get ░░░░░░░░ economics of this right ░░░░░░░░ the first place These ░░░░░░░░ complicated you know risk ░░░░░░░░ decisions If we tried ░░░░░░░░ incorporate a whole another ░░░░░░░░ of factors in politics ░░░░░░░░ those decisions it can ░░░░░░░░ lead to worse economic ░░░░░░░░ So we simply don ░░░░░░░░ do that and we ░░░░░░░░ not going to do ░░░░░░░░ We haven t done ░░░░░░░░ in the past and ░░░░░░░░ re not going to ░░░░░░░░ it now PELLEY There ░░░░░░░░ people watching this interview ░░░░░░░░ are skeptical about that ░░░░░░░░ You know I would ░░░░░░░░ say this Integrity is ░░░░░░░░ And at the end ░░░░░░░░ s all you have ░░░░░░░░ we plan on keeping ░░░░░░░░