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Jerome Powell: “The European Union had negative rates. I think the bank of…”

Featuring: Jerome Powell, Republican | Chair of the Federal Reserve | National

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Jerome Powell Discusses U.S. Interest Rates, Tax Policy, and Inflation with Jim Banks

Published | Video Starts at 01:07

For example, we were at, we had very low rates during that era, but they were by far the highest in the developed world because the US economy was the strongest. The European Union had negative rates. I think the bank of England was at 75 basis points. I think we were at 2.4%. So we were meaningfully higher. And again, it was a time when we were just, our growth was higher and their growth was lower and their inflation was lower. (01:07–01:16)

CLAIM

Asserts that during the pandemic, the EU had negative rates, the Bank of England was at 75 basis points, and the US was at 2.4%.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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