The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment. — Jerome Powell Copy Share Image
The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment. — Jerome Powell Copy Share Image
Long experience, in the United States and in other advanced economies, has demonstrated that monetary policy is most successful when decisions are… — Jerome Powell Copy Share Image
The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system… — Jerome Powell Copy Share Image
One factor that favors easier adjustment in EMEs is that U.S. monetary policy normalization has been and should continue to be gradual,… — Jerome Powell Copy Share Image
If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views… — Jerome Powell Copy Share Image
While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect… — Jerome Powell Copy Share Image
By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for… — Jerome Powell Copy Share Image
Alignment of business strategy and risk appetite should minimize the firm's exposure to large and unexpected losses. In addition, the firm's risk management capabilities… — Jerome Powell Copy Share
The too-big-to-fail reform project is massive in scope. In my view, it holds real promise. But the project will take years to complete. Success… — Jerome Powell Copy Share
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that… — Jerome Powell Copy Share
All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal… — Jerome Powell Copy Share
Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows. — Jerome Powell Copy Share
A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is… — Jerome Powell Copy Share
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking… — Jerome Powell Copy Share
Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special skills that… — Jerome Powell Copy Share
Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might… — Jerome Powell Copy Share
An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality… — Jerome Powell Copy Share
Higher capital requirements increase bank costs, and at least some of those costs will be passed along to bank customers and shareholders. But in… — Jerome Powell Copy Share
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises. — Jerome Powell Copy Share
The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment. — Jerome Powell Copy Share
