Jerome Powell

Well, let me say again that these decisions get made, a lot of them, at the local level.

We've still got 11 million people who haven't gone back to work.

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

The current economic downturn is the most severe in our lifetimes, and more fiscal support is likely to be needed.

We must do better across the board. The Trump administration must finally implement a national plan to get the coronavirus pandemic under control.

Our economy will recover fully from this difficult period.

There ought to be no doubt. There ought to be nobody trying to use politics to interfere with this process.

I think it's--you know, the real thing is the primary market facility, which is where we were going to make loans to those companies, we've made zero loans.

I want to congratulate and thank, by the way, Mr. Chairman, the 250,000-plus Americans who signed up to participate in these trials.

This is first and foremost a public health crisis.

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 workers as well as investors.

the path forward will depend on keeping the virus under control and on policy actions taken at all government levels.

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

Having healthcare coverage is an important basis for people to go to work.

I wouldn't want to comment on a particular Supreme Court case.

The rise in joblessness has been especially severe for lower-wage workers, for women, for African Americans, and for Hispanics.

We would be delighted to.

People are right now, they're getting enhanced unemployment insurance. Perhaps many have gotten support checks as part of the CARES Act. But over time, they don't have a secure income. And to the extent they lose those benefits they're…

if not contained and reversed, the downturn could further widen gaps in economic well-being

Many employees are reluctant to go back quickly, and it may partly be that the $600 is generous compared to what they make.

Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.

This is the time to use the great fiscal power of the United States to do what we can to support the economy.

We find the U.S. economy to be in a very good place, performing well.

That statement I do, yes.

Our goal, as assigned by Congress, is maximum employment and stable prices.