As long as global financial conditions normalize in an orderly fashion, EMEs should have sufficient time to adjust. — Jerome Powell Copy Share Image
The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell Copy Share Image
Higher asset prices increase wealth and, with a lag, induce higher spending. — Jerome Powell Copy Share Image
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell Copy Share Image
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large… — Jerome Powell Copy Share Image
The revenue stream for Social Security benefits comes from payroll taxes, which are credited to the Social Security Trust Fund - accounting… — Jerome Powell Copy Share Image
An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving… — Jerome Powell Copy Share Image
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to… — Jerome Powell Copy Share Image
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind… — Jerome Powell Copy Share Image
We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by… — Jerome Powell Copy Share Image
To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies. — Jerome Powell Copy Share Image
The sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for… — Jerome Powell Copy Share Image
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and… — 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
