"La politique monétaire est un outil puissant mais elle ne peut pas résoudre tous les problèmes économiques."
— Jerome Powell
Simplified Meaning:
Changing the interest rates and controlling the money supply can have a big impact on the economy. This can help manage inflation and encourage people to spend or save money. However, these adjustments alone cannot fix every issue, like unemployment or economic inequality. For example, if there are not enough jobs, lowering interest rates might not help much if there are other reasons people can't find work, like lack of skills or available opportunities. To truly address economic challenges, a mix of different approaches, including government policies and education programs, might be needed. Relying solely on monetary policy is like trying to fix a broken engine with just a screwdriver—it helps, but you need more tools to get the job done right.
