Jerome Powell actually said...

I certainly think that our supervision has been shown to have been lax in not being assertive enough.

Powell acknowledges the Federal Reserve's lax supervision contributing to bank failures.

06/21/2023

More Jerome Powell Quotes

We are not and will not be a climate policymaker.

I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border carefully.

What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available f...

Our independence is partly founded on the idea that we will stay out of stuff that you have not assigned us to do.