Jerome Powell actually said...

We take a very serious view of any kind of racial discrimination in lending.

I would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of reference.

Transparency is the foundation for our accountability, and I am committed to clearly explaining what we are doing and why we are doing it.

I want to begin by expressing my appreciation for my predecessor, Chair Janet Yellen, and her important contributions.