Jerome Powell actually said...

I think we learned from the Silicon Valley failure and the others that there is going to be a need for stronger supervision.

Powell acknowledges the need for stronger bank supervision post-Silicon Valley Bank failure.

06/20/2023

More Jerome Powell Quotes

I fully intend to serve it.

We are seeing communities, including African-American communities, that are being reached by the jobs market in a way that they haven't felt...

This is our principal tool for implementing monetary policy is interest on excess reserves.

Yes, we would. That is why we have been working on--you mentioned that report.