In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to… — Jerome Powell Borders Copy Share Image
All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including… — Jerome Powell Copy Share Image
Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well. — Jerome Powell Economy Copy Share Image
It is quite plausible that the process of increased fragmentation of production across borders is subject to 'diminishing returns' and has its… — Jerome Powell Borders Copy Share Image
The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment. — Jerome Powell Contribution Copy Share Image
Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special… — Jerome Powell Copy Share Image
Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial… — Jerome Powell Business Copy Share Image
Congress created Fannie Mae in 1938 and Freddie Mac in 1970. For many years, these institutions prudently pursued their core mission of… — Jerome Powell Credit Copy Share Image
Legislative reforms in the 1990s and the public/private structure led managements to expand the GSEs' balance sheets to enormous size, underpinned by… — Jerome Powell Balance 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
Alignment of business strategy and risk appetite should minimize the firm's exposure to large and unexpected losses. In addition, the firm's risk… — Jerome Powell Business Copy Share Image
With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data… — Jerome Powell Copy Share Image
Liquidity problems can occur in central clearing, even if all counterparties have the financial resources to meet their obligations, if they are… — 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 Customer Copy Share Image
The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also… — Jerome Powell Authority Copy Share Image
The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades,… — Jerome Powell Around the world Copy Share Image
We do take seriously our obligation to assess whether our reforms are achieving their desired effects without imposing unnecessary burden. — Jerome Powell Burden 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 Customer Copy Share Image
The TMPG is the place where market participants recognize and address their responsibilities to each other. — Jerome Powell Copy Share Image
Central banking often comes across as obscure and complicated, and we try to help the public understand what we do. — Jerome Powell Banking Copy Share Image
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell Crisis Copy Share Image
Our discussions of the economy may sometimes ring in the ears of the public with more certainty than is appropriate. — Jerome Powell Certainty Copy Share Image
There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a… — 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
We understand that America's prosperity is bound up with the prosperity of other nations, including emerging market nations. — Jerome Powell America Copy Share Image
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises. — Jerome Powell Copy Share Image
The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the… — Jerome Powell Control 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 Customer Copy Share Image
In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund… — Jerome Powell Beginning Copy Share Image
The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor… — Jerome Powell Attachment Copy Share Image
An increase in the debt ceiling should be accompanied by fundamental policy reforms, substantial budget savings, and a strong enforcement mechanism to… — 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 Change 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 Customer Copy Share Image
Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of… — Jerome Powell Change 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 American history 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 Crisis 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 Customer Copy Share Image
Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available… — Jerome Powell Business Copy Share Image
Risk management systems and controls may discourage or limit certain revenue-generating opportunities. Failure to ensure the independence of these functions from the… — Jerome Powell Copy Share Image
