The more we help on the fiscal side, the fewer people you will have to throw out of work

#shorts On 3/7/2023, Republican Sen. John Kennedy of Louisiana asked Fed Chair Powell, “I’m not being critical — When you’re slowing the economy, you’re trying to put people out of work. That’s your job, is it not?” asked Sen. John Kennedy (R-La.) in Senate Banking Committee hearing. “Not really,” Powell replied. “We’re trying to restore price stability,”

Republicans focused on whether energy policy was restricting supply and keeping prices higher than needed, and whether restrained federal spending could help the Fed’s cause.

“The only way to get this sticky inflation down is to attack it at the monetary side and the fiscal side. The more we help on the fiscal side, the fewer people you will have to throw out of work,” said Senator John Kennedy, a Republican from Louisiana.

“It could work out that way,” said Powell, who at a separate point in the hearing agreed with Democratic lawmakers’ assertions that lower corporate profits could help lower inflation, and with Republicans’ arguments that more energy production could help lower prices.

other clips of this published longer video is here: https://youtu.be/xcNvymsZqLI
The more we help on the fiscal side, the fewer people you will have to throw out of work

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