3620 quotes by public servants for you to enjoy

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

While the move to central clearing has made the system safer, we need to make sure that the central counterparties have the resources and risk-management practices to withstand plausible but severe shocks. Jerome Powell

Made Resources Severe System Clearing Make Safer Sure Practices Withstand Shocks Move Central While Plausible Need

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

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

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

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

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

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

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

We're always flexible and pragmatic... It's always important to watch the unemployment rate and to make sure that we can keep most Canadians working. We were successful in that back in 2008-09. Jim Flaherty

Important Back Rate Most Make Sure Pragmatic Always Were Unemployment Unemployment Rate Canadians Successful Working Flexible Keep Watch

To those who don't want the truth about Kennedy's assassination to become known, the very repetition of a charge lends it a certain credibility, since people have a tendency to believe that where there's smoke, there's fire. Jim Garrison

The head of the CIA, it seems to me, would think long and hard before he admitted that former employees of his had been involved in the murder of the President of the United States-even if they weren't acting on behalf of the Agency when they did it. Jim Garrison

Me CIA Long Employees Before Think President Would Admitted Seems Had He Head Involved Were Been His Behalf Did Former Agency Acting Hard United

Quotes by Public Servants