The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell Crisis Copy Share Image
Higher asset prices increase wealth and, with a lag, induce higher spending. — Jerome Powell Copy Share Image
As with so many sectors of the economy, technology is transforming the retail banking sector. — Jerome Powell Banking Copy Share Image
Over time, low rates can put pressure on the business models of financial institutions. — Jerome Powell Business Copy Share Image
We need a national focus on increasing the sustainable growth rate of our economy. — Jerome Powell Economics Copy Share Image
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… — Jerome Powell Copy Share Image
By purchasing and holding large amounts of Treasury securities and MBS, we put additional downward pressure on term premiums and so on… — Jerome Powell Customer Copy Share Image
I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation. — Jerome Powell Copy Share Image
AIG's failure revealed systemic problems in the OTC derivatives market that went well beyond the failure of a single market participant. — Jerome Powell Copy Share Image
As long as global financial conditions normalize in an orderly fashion, EMEs should have sufficient time to adjust. — Jerome Powell Copy Share Image
A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft. — Jerome Powell Copy Share Image
The GSEs became powerful advocates for their own bottom lines, providing substantial financial support for political candidates who supported the GSE agenda. — Jerome Powell Bottom line 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
Higher capital requirements increase bank costs, and at least some of those costs will be passed along to bank customers and shareholders.… — Jerome Powell Copy Share Image
Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its… — Jerome Powell Asian 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 Central bank Copy Share Image
Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different… — Jerome Powell Copy Share Image
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce,… — Jerome Powell Economic growth Copy Share Image
By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national… — Jerome Powell Banks 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
A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if… — Jerome Powell Customer Copy Share Image
Community banks are a crucial part of our economy and the fabric of our society. — Jerome Powell Banks Copy Share Image
We live in a world defined by the rapid pace of technological change. — Jerome Powell Change Copy Share Image
The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate. — Jerome Powell Copy Share Image
The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment. — Jerome Powell Customer 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 Banks Copy Share Image
My own experience is that the best outcomes are reached when opposing viewpoints are clearly and strongly presented before decisions are made. — Jerome Powell Copy Share Image
The expectation of gradual policy normalization should reduce the likelihood of outsized movements in interest rates. — Jerome Powell Copy Share Image
The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data. — Jerome Powell Access Copy Share Image
The Federal Reserve seeks to support MDIs in a number of ways, including our Partnership for Progress, our program for outreach and… — Jerome Powell Copy Share Image
Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows. — Jerome Powell Challenges Copy Share Image
The question of how to structure our nation's financial system arose in the early years of the republic. — Jerome Powell Customer Copy Share Image
I support adjustments designed to enhance the efficiency and effectiveness of regulation without sacrificing safety and soundness or undermining macroprudential goals. — Jerome Powell Efficiency Copy Share Image
Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was… — Jerome Powell Copy Share Image
The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that… — Jerome Powell Customer Copy Share Image
Below-target inflation increases the real value of debts owed by households and businesses and reduces the ability of central banks to respond… — Jerome Powell Ability Copy Share Image
Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment. — Jerome Powell Customer Copy Share Image
