Oct 14, 2025
without the ability to pay interest on reserves, the Fed would lose control over rates
Jerome Powell
The Public Record
Jerome Powell is the 16th Chair of the Federal Reserve, having been appointed to the position in February 2018. He is a member of the Republican Party and has played a significant role in shaping U.S. monetary policy during his tenure. Powell's leadership has been marked by efforts to navigate the economy through challenges such as inflation and employment fluctuations, particularly in the wake of the COVID-19 pandemic. He has emphasized the importance of balancing the pace of monetary policy adjustments to avoid both inflationary pressures and job losses in the labor market.
apnews.com
Oct 14, 2025
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
Oct 14, 2025
the outlook for employment and inflation does not appear to have changed much since our September meeting
Oct 14, 2025
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
Oct 14, 2025
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
Oct 14, 2025
Rising downside risks to employment have shifted our assessment of the balance of risks
Aug 22, 2025
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
Aug 22, 2025
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
Jul 23, 2025
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
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