Jerome Powell

By purchasing and holding large amounts of Treasury securities and MBS, we put additional downward pressure on term premiums and so on…

— Jerome Powell

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

— Jerome Powell

Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial…

— Jerome Powell

The revenue stream for Social Security benefits comes from payroll taxes, which are credited to the Social Security Trust Fund - accounting…

— Jerome Powell

We do take seriously our obligation to assess whether our reforms are achieving their desired effects without imposing unnecessary burden.

— Jerome Powell

The TMPG is the place where market participants recognize and address their responsibilities to each other.

— Jerome Powell

We need a national focus on increasing the sustainable growth rate of our economy.

— Jerome Powell

By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national…

— Jerome Powell

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

Congress created Fannie Mae in 1938 and Freddie Mac in 1970. For many years, these institutions prudently pursued their core mission of…

— Jerome Powell

In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to…

— Jerome Powell

Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in…

— Jerome Powell

Liquidity problems can occur in central clearing, even if all counterparties have the financial resources to meet their obligations, if they are…

— Jerome Powell

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

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

The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment.

— Jerome Powell

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

I support adjustments designed to enhance the efficiency and effectiveness of regulation without sacrificing safety and soundness or undermining macroprudential goals.

— Jerome Powell

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

In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund…

— Jerome Powell

We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by…

— Jerome Powell

The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor…

— Jerome Powell

Community banks are a crucial part of our economy and the fabric of our society.

— Jerome Powell

The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both…

— Jerome Powell

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