Jerome Powell

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

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

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to…

— Jerome Powell

All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including…

— Jerome Powell

Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows.

— Jerome Powell

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

The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and…

— Jerome Powell

Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special…

— Jerome Powell

Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different…

— Jerome Powell

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

Higher capital requirements increase bank costs, and at least some of those costs will be passed along to bank customers and shareholders.…

— Jerome Powell

More regulation is not the best answer to every problem.

— Jerome Powell

Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.

— Jerome Powell

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

— Jerome Powell

We live in a world defined by the rapid pace of technological change.

— Jerome Powell

Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.

— Jerome Powell

The financial crisis revealed important weaknesses in many areas of our financial system.

— Jerome Powell

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

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

Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its…

— Jerome Powell

I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation.

— Jerome Powell

Against this backdrop of technological change and heightened expectations, it is worth remembering our broad public policy objectives, which are driven by…

— Jerome Powell

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

There is clear empirical evidence that the response of EME financial markets to different shocks, including changes in U.S. interest rates, depends…

— Jerome Powell

One factor that favors easier adjustment in EMEs is that U.S. monetary policy normalization has been and should continue to be gradual,…

— Jerome Powell