Fed's Powell Clashes With Senator Shelby on Inflation

The transcript discusses the Federal Reserve's commitment to controlling inflation and maintaining price stability. It reflects on the legacy of Paul Volcker, a notable public servant in economics, and emphasizes the current commitment to similar principles without reservation.

What measures are being discussed to control inflation?

Who is Paul Volcker and what is his significance in economic history?

What does the speaker hope history will record about Paul Volcker?

What commitment is the speaker prepared to make regarding price stability?

How does the speaker view the actions of the Federal Reserve in relation to price stability?