You got a bunch of academicians who took over the place in the late 1990s, and there's this concept of trying to hit two different targets with one arrow, inflation and unemployment. When you look at the last 30 years, they've done a disastrous job at both [inflation and unemployment]. What we really need out of the Federal Reserve is one objective, restore dollar stability, Period. That's it. And the reason that investors around the world listen to the Fed, they get a false ego about themselves. (03:17–03:21)
CLAIM
Asserts that the Federal Reserve has poorly managed inflation and unemployment over the last 30 years.
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.
