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Federal Reserve Chair Jerome Powell shared an anecdote during an interview with David Rubenstein at The Economic Club of Washington DC, where someone in the elevator at the Marriott Marquis Hotel told him to 'cut rates.' Powell mentioned that he simply replied 'thank you' to the individual. When asked by Rubenstein if the comment influenced him, Powell did not indicate any impact. This interaction highlights the public's interest in the Federal Reserve's monetary policy decisions.
Fed Chair Powell just said someone told him to cut rates in the elevator today https://t.co/tKjxbf41mx
Someone told Fed Chair Powell "hey, cut rates!" in the Marriott Marquis Hotel elevator this morning on his way to The Economic Club of Washington DC interview. Powell says he just replied thank you. https://t.co/hpozcd2SJH
"Someone said to me in the elevator this morning - 'hey, cut rates'" - Fed Chair Powell