Jerome Powell

What we learned in the course of the last expansion was that we could have unemployment at historically low levels without seeing troubling inflation arise.

the economy has recovered more quickly, generally, continually.

The big parts of the economy that are not operating at full capacity are the ones that are affected directly by COVID.

What those sectors really need is an end to the pandemic, and people will then become confident again.

Our policy is accommodative because unemployment is high and the labor market is far from maximum employment.

The single most important policy to getting those sectors reopened and getting people back to work, of course, is bringing the pandemic to a decisive end as soon as possible.

We have certain legal independence, and we think that has served the public well, and we are able to make decisions without considering politics.

We are the reserve currency of the world, and that is because of our great democratic institutions, our vibrant economy.

At the Federal Reserve, we are strongly committed to achieving the monetary policy goals that Congress has given us: maximum employment and price stability.

I think that we have a mandate to ensure the safety and soundness of financial institutions, and that involves making sure that they manage and understand all of the risks that they face, which includes climate change risks.

The sense of it, though, is that we want inflation to average 2 percent over time, and the reason we want that is that we want inflation expectations to be anchored right at 2 percent and not somewhat below 2 percent, which is arguably the…

the benefits of investing in our Nation's workforce are immense. Steady employment provides more than a regular paycheck. It also bestows a sense of purpose, improves mental health, increases lifespans, and benefits workers and their…

I also think it is important for businesses as well that they have a climate where they can trust, you know, that inflation is going to be under control and that business conditions are going to be good and that they can invest.

But, more generally, Senator, I think focusing on things that will make a longer-run difference to our economy is what I would do.

We will do that. I will say, though, that monetary policy as a tool is famously a broad--it is a broadly effective tool.

the overall response of society to climate change...has to come from elected officials in Congress and also in executive branch under existing law.

I agree with Federal Reserve Chairman Jerome Powell that it is important for financial regulators to assess all the risks facing the financial system, including risks from climate change.

I just would say that, for example, the municipal facility--the level of municipal borrowing is set to exceed the all-time annual record this year, and that is because of the backstop of this facility.

Climate change is an important issue. I want to say that society's broad response to climate change really has to come from elected Representatives.

It would be very helpful and very important that there be additional fiscal support for the economy.

I like to think of it as a bridge over this chasm that was created by the pandemic.

the outlook for the economy is extraordinarily uncertain.

We are trying to get as much of the economy and as many of the workers across that bridge to the post-pandemic economy.

The outlook for the economy is extraordinarily uncertain.

the overwhelming majority of municipal borrowers are investment grade, and we did limit the facility to that.