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
Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows. — 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
In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to… — 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 Copy Share Image
The TMPG is the place where market participants recognize and address their responsibilities to each other. — Jerome Powell Copy Share Image
The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both… — 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 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
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
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell 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
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 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 complete. Success… — 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 continue, that… — Jerome Powell 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 the federal… — 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 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 it is… — 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 supervising banking… — Jerome Powell 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 skills that… — Jerome Powell 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 countries might… — 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 the quality… — 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. But in… — Jerome Powell Copy Share Image
