Jerome Powell Quotes

Jerome Powell
Jerome Powell
American Public Servant
Born: Feb 4, 1953
Bank Banks Economy Financial Government Will
Related authors: Andrew Yang Ben Bernanke Betsy DeVos Clara Barton Elizabeth Warren Hope Hicks Jim Mattis Joseph Dunford
As long as global financial conditions normalize in an orderly fashion, EMEs should have sufficient time to adjust. Jerome Powell
Time Fashion Financial Long Adjust Global Conditions Orderly Should Sufficient
The TMPG is the place where market participants recognize and address their responsibilities to each other. Jerome Powell
Other Market Address Recognize Responsibilities Participants Where Place Each
We do take seriously our obligation to assess whether our reforms are achieving their desired effects without imposing unnecessary burden. Jerome Powell
Obligation Burden Seriously Our Unnecessary Take Without Imposing Effects Reforms Achieving Whether Assess Desired
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system. Jerome Powell
Finance Financial Safety Ensure System Financial System Charged Responsible More Federal Proposals Federal Reserve Institutions Housing Reform Stability Banking Evaluating Reserve Designing
We need a system that provides mortgage credit in good times and bad to a broad range of creditworthy borrowers. Jerome Powell
Good Broad Range System Bad Borrowers Good Times Mortgage Provides Times Credit Need
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises. Jerome Powell
Result Stress Both Higher Exercises Testing Substantially Banks Capacity Requirements Regulatory Among
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 the binding capital requirement because it treats relatively safe activities, such as central clearing, as equivalent to the most risky activities. Jerome Powell
Relatively Ratio Risky Clearing Most Safe Because Equivalent Central Capital Requirement Requirements Useful Incentives Perverse Activities Binding Leverage Treats
The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency. Jerome Powell
Finance History Financial Organization Power Single Nation Few Group Our Ensure System Financial System High Fed Long-Standing Over Concentrated Policy Reflects American Hands Any Whether American History Washington Monetary Monetary Policy Desire
The question of how to structure our nation's financial system arose in the early years of the republic. Jerome Powell
Financial Nation Early Years Our System Financial System Structure How Years Question Republic Early
Against this backdrop of technological change and heightened expectations, it is worth remembering our broad public policy objectives, which are driven by the fundamental importance of the payments system in our society. Jerome Powell
Change Worth Society Broad Our Backdrop System Objectives Driven Remembering Importance Policy Expectations Which Against Public Payments Public Policy Fundamental Technological
The Federal Reserve and other central banks have adopted broad public policy objectives to guide the development and oversight of the payments system. At the Fed, we have identified efficiency and safety as our most fundamental objectives, as set forth in our Policy on Payment System Risk. Jerome Powell
Safety Other Broad Our Guide System Objectives Adopted Risk Fed Federal Federal Reserve Development Most Identified Policy Oversight Efficiency Banks Central Public Forth Payment Payments Public Policy Reserve Fundamental Set
The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate. Jerome Powell
Congress Federal Prices Federal Reserve Employment Dual Maximum Stable Mandate Achieving Reserve
Our discussions of the economy may sometimes ring in the ears of the public with more certainty than is appropriate. Jerome Powell
Sometimes Our Appropriate Ears Ring More Economy Than Discussions May Public Certainty
Central banking often comes across as obscure and complicated, and we try to help the public understand what we do. Jerome Powell
Complicated Try Obscure Understand Often Banking Central Public Across Help
The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis. Jerome Powell
Inflation Way Consistent Ensure Anchored Only Remain Safely Target Close Expectations Keep Near Basis
The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace. Jerome Powell
Control Considerable Marketplace Rates Long-Term Over Influence Which Short-Term Interest Interest Rates Much Less Set
Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any given value of final production, thus adding to the major expansion in gross trade flows in the 1990s and 2000s. Jerome Powell
Natural Value Increased Fragmentation Final Adding Borders Outgrowth Given More Thus Major Trade Expansion Any Gains Across Meant Production Gross International Specialization Flows
It is quite plausible that the process of increased fragmentation of production across borders is subject to 'diminishing returns' and has its natural limits. Jerome Powell
Natural Increased Fragmentation Diminishing Borders Returns Limits Subject Quite Process Across Production Plausible
By purchasing and holding large amounts of Treasury securities and MBS, we put additional downward pressure on term premiums and so on long-term rates. Jerome Powell
Pressure Holding Additional Securities Purchasing Rates Put Long-Term Term Large Large Amounts Downward Amount Treasury
Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds. Jerome Powell
Financial Spending Rates More Prices Investing Support React Also Households Housing Stocks Lower Businesses Assets Bonds
The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades, in promoting financial stability and prosperity around the world. Jerome Powell
Great World Financial Prosperity Important Few Relations Relationships Our Financial Stability Promoting Federal Federal Reserve Over Importance Around Been Decades Stability Places Reserve
Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control. Jerome Powell
Cause Challenge Control Local Possibility Out Systemic Would Spin Take Countries Overall Global Perhaps Greatest Greatest Challenge Private Bank Different Different Countries Public Might Actions Actor Resolution
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks. Jerome Powell
Financial Value Community System Colleagues Financial System Diverse Having Understand Contingent Governors Vibrant Banks Board Large
We understand that America's prosperity is bound up with the prosperity of other nations, including emerging market nations. Jerome Powell
Prosperity Other Market Emerging Bound Understand Up America Nations Including
AIG's failure revealed systemic problems in the OTC derivatives market that went well beyond the failure of a single market participant. Jerome Powell
Failure Problems Single Market Systemic Participant Beyond Well Revealed Derivatives
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