Jerome Powell actually said...

we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.

Powell emphasizes the Fed's role in not dictating bank lending practices.

06/20/2023

More Jerome Powell Quotes

I believe the terms of the Fed's purchase of the corporate bonds could have been improved so that benefits were more equitably shared by wor...

The Federal Reserve, along with others across government, is working to alleviate the economic fallout.

This is first and foremost a public health crisis.

I think that it is likely that more fiscal support will be needed.