Jerome Powell actually said...

The authority to shut down an institution or hold a hearing about it I believe is triggered by a criminal conviction.

Powell explains the legal basis for shutting down banks.

03/06/2013

More Jerome Powell Quotes

The best approach is to deal directly with the people who are affected rather than falling back on tariffs.

I will not comment directly on the Administration's policies, but I will say about trade that I think the record is clear that over long per...

the only way we can sort of win in the international competition is by having the best educated, most productive workforce in the world.

We are strong believers in this tool, including for institutions of $100 to $250 billion.