"Atteindre un emploi maximal et la stabilité des prix nécessitera une approche patiente"
— Jerome Powell
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Simplified Meaning:
Reaching a situation where everyone who wants a job has one, and prices don't fluctuate too much, takes time and careful planning. Imagine planting a garden; you can't rush the growth of your plants. You need to water them regularly and wait for them to grow. If you try to speed things up by overwatering or adding too much fertilizer, you might end up harming the plants instead of helping them. In the same way, making sure everyone has jobs and prices stay steady needs a slow and steady approach. Being patient allows for small adjustments and careful actions, helping build a stable and strong economy over time. So, just like with your garden, you need to give it time and attention without expecting quick results.
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Central banking Economic growth Economic stability Federal reserve Financial stability Macroeconomics Monetary policyFEATURED QUOTES
