Treasury markets are currently functioning in the efficient manner that we expect and that the stability of the financial system requires.
Jerome Powell
The Public Record
Jerome Powell is the 16th Chair of the Federal Reserve, having been appointed to the position in February 2018. He is a member of the Republican Party and has played a significant role in shaping U.S. monetary policy during his tenure. Powell's leadership has been marked by efforts to navigate the economy through challenges such as inflation and employment fluctuations, particularly in the wake of the COVID-19 pandemic. He has emphasized the importance of balancing the pace of monetary policy adjustments to avoid both inflationary pressures and job losses in the labor market.
We want to put--we want people to get back to work, and there are a lot of people who are not back to work yet.
Oh, yes, I think so. The forecast of many is that by the middle of next year, we will be above the prior trend.
Those swaps really work. They did a great job, as you know. They were a fundamental part of our program to stabilize the global financial markets and dollar funding markets.
A recent decline in commodity prices was evidence that price pressures will cool as supply bottlenecks from reopening the economy are worked out and stimulus fails, maintaining that our concurrent inflation is temporary and would…
The Federal Reserve is looking thoughtfully at central bank digital currency.
There is no doubt that climate change poses profound challenges for the global economy and certainly the financial system.
This tragic event put a spotlight on the pain of racial injustice in this country.
Community banks were essential in the PPP program. They were a critical part of the distribution mechanism.
society's broad response to climate change is for others to decide--in particular, elected leaders.
This historically-important legislation provided critical support in our nation's hour of need.
the worst was avoided by swift and vigorous action from Congress and the Federal Reserve.
We welcome this progress, but we will not lose sight of the millions of Americans who are still hurting, including lower-wage workers in the service sector--African Americans, Hispanics, and other minority groups that have been especially…
it is the right thing to be able to get direct fiscal assistance here to our cities, and it will shorten the economic recovery.
Fully recognizing the benefits of a strong labor market will take continued support from both near-term policy and longer-run investment.
I think there is an opportunity for a harmonized role among the three agencies, and we are engaged, have been engaged, and continue to be engaged with the FDIC and the OCC.
It is not really a great strategy to wait until the 8th or 9th year of an expansion to get those benefits.
A major concern since the very beginning has been people out of the labor market for too long.
It will be one that has broad support among the community of intended beneficiaries, which was always the Fed's test and my test for what it would take for the Fed to support reform of CRA.
Some families are clearly in a place where they need help from the government just to feed their families.
I think climate change is a very important issue, and if you will allow me, I will start by saying that the nation's policy on climate change really needs to be set, in the first instance, by you, elected Representatives in the House and…





