Because right now, at least in terms of market functioning, everything looks like it is acting appropriately. The systems are working. In short of that, is there really a need for Fed intervention here that you see. Well, I have faith in Chairman Powell and the entire board of governors of the Federal Reserve System. I think they, using that independent spirit of the 1913 act, will make the appropriate decisions on interest rates, in effect, monetary policy we'll just have to see over the course of the days. (05:27–05:33)
CLAIM
Asserts confidence in the Federal Reserve's leadership.
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.
