Jerome Powell actually said...

We do not want our banks to turn into Government mutual funds, where they hold only Government securities.

Powell emphasizes the need for banks to hold diverse assets, not just government securities.

04/13/2016

More Jerome Powell Quotes

I am strongly committed to that framework of transparency and accountability.

There is no indication in wages that the labor market is overheating or even hot.

I do not see anything, no.

We do not have a lot of tools to address the income inequality.