Jerome Powell: ‘The Fed Should Not Play or Seek to Play a Role in Fiscal Policy’

‘We have our own mandate, we sure need to stick to that now’

EXCERPT:

POWELL: “I completely stop doing -- talking about that publicly, at all. And the reason I did it before was, first of all I was being encouraged by leadership on both sides of the Hill and both parties. They were -- they were asking me for ideas. Don’t you think we need to do something more? Can you help us? And that kind of thing. But, that's all done, that is over with. And I -- I -- I am -- I'm not -- I -- the Fed should not play or seek to play a role in fiscal policy. We have our own mandate, we sure need to stick to that now."

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