Jerome Powell

That could be right. It could also just be, though, that demand is incredibly strong and that they are raising prices because they can.

To the extent inflation is going up faster than people's wages, it would potentially increase poverty.

What we are trying to do is limit future prices.

We are not responsible for energy policy. That is a matter for Congress and the Administration.

we understand that high inflation poses significant hardships, especially on those least able to meet the higher costs of essentials like food, housing, and transportation.

I think we are at that level, at least.

High housing costs for workers are making it difficult for people to live close to where they need to be going for work.

we are not saying they will go down, but we are saying that the increases will be much smaller.

The conflict is causing tremendous hardship for the Ukrainian people.

The Chairman of the Fed, Jerome Powell, has testified in Congress before comparing it to a digital gold.

getting past the pandemic is the single most important thing we can do.

Getting past the pandemic is the single most important thing we can do.

Climate stress scenarios will be a key tool going forward.

Our role on climate change is a limited one but an important one, and it is to assure that the banking institutions that we regulate understand their risks and can manage them.

I think it has implications for all of those things, because we know that the transition to a lower-carbon economy may lead to a sudden repricing of assets or entire industries.

the possibility of financial stability disruptions from physical risks, quote, 'doesn't seem likely in the near term,' end quote.

I do think the main thing that we can do is to make sure that, you know, consistent with the inflation side of our mandate that we do foster a strong employment market.

If entrenched inequities prevent some Americans from participating fully in our labor markets, not only will they be held back from opportunities, but our economy overall will not realize its potential.

I do think that we see now the great benefits that a strong labor market can bring to, you know, right across the whole population and for the whole economy.

We have to achieve price stability, and I believe we will, and I am confident we will.

My expectation is that we will see some relief on the supply side, as the year goes on.

price stability is half of our mandate.

the best thing any one of us can do to increase employment, raise wages, improve our supply chains, and reduce inflation is to get vaccinated, to wear masks, and follow the medical guidance to prevent the spread of COVID-19.

I would expect we will drop it--I hate to say it again--in coming weeks.

It is essential that we do that without regard to political considerations.