To support continued healthy growth, vigilance in regard to inflation is essential.
High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.
The high energy prices are certainly burdening consumer budgets, they are burdening cost structures of firms and certainly continued increases in energy prices are a risk for economic growth going forward.
If I am confirmed by the Senate I will do everything in my power, in collaboration with by Fed colleagues to help assure the continued prosperity and stability of the American economy,