Powell's first congressional testimony emphasized that 'it's not the Fed's job to back the stock market', showing initial resolve to avoid the precedent of Fed-enabled moral hazard
factualpending
Speaker
Danielle DiMartino BoothEvidence Quote
“his first congressional testimony he was very resolute it's not the feds job to back the stock market”
Created: 8/10/2026, 11:15:50 PM
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