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
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
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
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
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
The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment. — Jerome Powell Contribution 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
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
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 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
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
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
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
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
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
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
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
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
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
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
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 overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both… — Jerome Powell Customer Copy Share Image
Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in… — Jerome Powell Copy Share Image
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 Copy Share Image
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional… — Jerome Powell Authority Copy Share Image
Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any… — Jerome Powell Borders 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
While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect… — Jerome Powell Context Copy Share Image
It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there… — Jerome Powell 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
