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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

I think oil prices could be affected. I think that is a big concern in Europe, for example.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

I think the costs of failure to restore price stability would be extremely high, and while there will be a cost to success, the cost of failure will be much higher.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

I am worried about a lot of these stablecoins and other cryptocurrencies. Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it?

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available funds and real-time payments to their customers.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

What needs to change is we need to get inflation under control so that interest rates can come back down.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

We are going to guard that border carefully, and we are going to stick to our role and not try to be policymakers.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

No, I think there are limits built into the law, which I don't have in front of me right now.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

No, we don't borrow money. We don't shut down the Fed when we have negative income.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

We always turn over all of our earnings in every year.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

We are required by the law now and we are doing this. Dodd-Frank actually required us.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

We believe strongly, and always have, in tailoring to address the different size and risk characteristics of financial institutions.

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Eleanor Holmes Norton
@eleanorholmesnorton· Democratic · DC· Mar 7, 2023

But the Biden Administration's swift action revealed a key lesson about how to achieve energy independence. It is just not the lesson my Republican colleagues think.

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Eleanor Holmes Norton
@eleanorholmesnorton· Democratic · DC· Mar 7, 2023

Let me just say it is not surprising that during the Trump Administration my Republican colleagues had no problem with President Trump's authorizing releases from the Strategic Petroleum Reserve in response to an attack on oil refineries…

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Eleanor Holmes Norton
@eleanorholmesnorton· Democratic · DC· Mar 7, 2023

We can never drill enough to insulate ourselves from Russian invasions, of Saudi production cuts.

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Jerome Powell
@jeromepowell· Republican · DC· Mar 7, 2023

I feel strongly that climate change is an important issue that needs to be addressed by elected people.

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