Look, at the end of the day, there's certainly room to lower interest rates. You've seen other central banks around the world do the same thing. Very disappointed with Chairman Powell committed to me in our conference meeting in the Banking Committee that he would stay apolitical during the Biden administration. He stayed silent as fiscal stimulus went out of control, which led to generationally high inflation. He knew that was bad policy, but he's weighed in and given a personal opinion on tariffs, which, by the way, is incorrect. (00:55–01:05)
CLAIM
Asserts that Chairman Powell promised to remain apolitical during the Biden administration.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
