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Subject:**In-town pool report #15*

Another POTUS quote from the South Lawn in response to the Federal Reserve raising interest rates:

The Fed is doing what they think is necessary, but I dont like whattheyre doing because we have inflation really [checked?] and we have a lot of good things happening so I will say this were normalizing money, and thats good, but I think we dont have to go as fast. I want to be able to pay off debt. Also, and very importantly, I think that the numbers that were producing are record-setting. I dont want to slow it down even a little bit, especially when you dont have the problem of inflation, and you dont see that inflation coming back. Now, at some point you will, and you go up. I just dont think its necessary to go as fast.____

On Chairman Powell: I have not spoken to him about it. I like to stay uninvolved.

This exchange was inaudible to pooler because of the noise from the engine of Marine One. Thanks to Politico’s Victoria Guida for this transcription.