Jerome Powell actually said...

the very low settings of interest rates that were appropriate during the crisis and after to support economic activity are no longer appropriate.

Powell explains the need to raise interest rates due to improved economic conditions.

11/27/2017

More Jerome Powell Quotes

the overwhelming majority of municipal borrowers are investment grade, and we did limit the facility to that.

the outlook for the economy is extraordinarily uncertain.

Climate change is an important issue. I want to say that society's broad response to climate change really has to come from elected Represen...

I just would say that, for example, the municipal facility--the level of municipal borrowing is set to exceed the all-time annual record thi...