Beginning Quote by 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 management capabilities…

— 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 complete. Success…

— Jerome Powell

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

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

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 it is…

— Jerome Powell

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

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

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

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

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

More regulation is not the best answer to every problem.

— Jerome Powell