On the recordNovember 27, 2017
The failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to be dangerous, and this is something for which the board is accountable.
Source
congress.govJerome Powell: “The failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to…”
Editor's note · Context
Powell warns about the dangers of not maintaining independence in risk management.
Share
More from Jerome Powell
Oct 14, 2025
Without the ability to pay interest on reserves, the Fed would lose control over rates
Other voices in this conversation
