I certainly think that our supervision has been shown to have been lax in not being assertive enough.
Editor's note · Context
Powell acknowledges the Federal Reserve's lax supervision contributing to bank failures.
Share
More from Jerome Powell
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.





