Bill Gross warns on gold momentum as regional bank stocks tumble
Investing.com -- Federal Reserve Chair Jerome Powell expressed support for ongoing policy debates within the central bank during his speech at a National Association for Business Economics event in Philadelphia on Tuesday.
"We have a healthy debate going" at the Fed, Powell said, noting that officials are "giving their absolute best argument for their positions. But they’re different positions." He added that "it would be kind of surprising if you had no debate over those things."
Powell emphasized that while consensus is valuable, making the right policy decisions takes priority. "Consensus is great but more important is to get the right policy decision," he stated.
The Fed Chair also highlighted the central bank’s performance during recent economic challenges, declaring that "the Fed has come through crisis as well or better than any country in the world."
Powell acknowledged that the current economic environment creates "tension between the mandates," which contributes to the robust policy discussions among Federal Reserve officials.
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