Jerome Powell actually said...

the United States' Federal budget is on an unsustainable path, which means that the debt is growing faster than the economy.

Powell highlights the unsustainable growth of the U.S. Federal budget and debt.

06/20/2023

More Jerome Powell Quotes

In the rules before us, we are applying the discretion granted to us by the Economic Growth Regulatory Relief and Consumer Protection Act.

We are required by the law now and we are doing this. Dodd-Frank actually required us.

We believe strongly, and always have, in tailoring to address the different size and risk characteristics of financial institutions.

No, I think there are limits built into the law, which I don't have in front of me right now.