Jerome Powell actually said...

I do not know that there is a tradeoff, and I think, again--I do not want to look at the pre-crisis levels of liquidity as any kind of a benchmark.

Powell discusses the absence of a tradeoff between regulatory safety and market liquidity.

04/13/2016

More Jerome Powell Quotes

It is very clear that banks have reduced their portfolios of fixed-income securities.

It is the heart of their jurisdiction to decide who gets prosecuted and for what.

This is our system, and I think the obligation is on us to play as a team and to collaborate.

The authority to shut down an institution or hold a hearing about it I believe is triggered by a criminal conviction.