I do think it is incumbent on us to do the research and understand the implications of climate change.
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.
Climate change, again, is a very important issue, one that is really the provenance of elected representatives to set the overall direction of society and how we will respond to climate change and its challenges.
I think there are many questions that need to be answered around a digital currency for the United States.
Wages have been rising, particularly for lower-paying jobs. People who live and work in low and middle-income communities tell us that many who have struggled to find work are now getting opportunities to add new and better chapters to…
The idea that countries that borrow in their own currency can't get into trouble is just wrong. And the idea that debt does not matter is also wrong.
We serve all Americans in a nonpartisan, nonpolitical way, that we try to deploy the best thinking and the best analysis.
Our debt is growing faster than our economy by a margin. And so I think by definition that makes it unsustainable.
I do think that as this expansion has continued, we have started to see people at the lower end of the wage scale get the bulk of the benefits.
You will be spending more and more--or more accurately, our children and grandchildren will be spending more of their tax dollars to pay for interest on the borrowing that we have done.
We are committed to providing clear explanations about our policies and actions.
In a downturn, it would also be important for fiscal policy to support the economy. However, as noted in the Congressional Budget Office's recent long-term budget outlook, the Federal budget is on an unsustainable path with high and rising…
This is our principal tool for implementing monetary policy is interest on excess reserves.
Let me start by saying that my colleagues and I strongly support the goals of maximum employment and price stability that Congress has set for us for monetary policy.
I strongly believe that having diverse perspectives around the table leads you to better decisions.
I think our economy has been market-based, and I think that has served the public well.
Yes, we would. That is why we have been working on--you mentioned that report.
I think it would remove uncertainty about our trade policy with Mexico and Canada to have that pass.
I would say the economy has performed--I said reasonably well so far this year.
We want prosperity to be spread as broadly as it possibly can, and we want there to be progress upward for lots of people.





