The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell Copy Share Image
We need a system that provides mortgage credit in good times and bad to a broad range of creditworthy borrowers. — 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 question of how to structure our nation's financial system arose in the early years of the republic. — Jerome Powell Copy Share Image
The Federal Reserve and other central banks have adopted broad public policy objectives to guide the development and oversight of the payments… — 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 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
If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market… — 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
Against this backdrop of technological change and heightened expectations, it is worth remembering our broad public policy objectives, which are driven by… — Jerome Powell Copy Share Image
While the move to central clearing has made the system safer, we need to make sure that the central counterparties have the… — Jerome Powell Copy Share Image
Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in… — 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
