We expect modest growth going forward, growth below the sort of longer run growth rate of the United States economy.
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.
It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.
I think that is a pretty good guess of what will happen if the economy performs about as expected.
Climate change poses profound challenges for the global economy and the financial system.
we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.
Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.
the important decisions about climate change need to be made by elected people, not by the Fed.
I think we learned from the Silicon Valley failure and the others that there is going to be a need for stronger supervision.
The Committee is completely unified in the need to get inflation down to 2 percent, and we will do whatever it takes to get it down to 2 percent over time.
We at the Fed remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American people.
We are following it very, very closely, and I think you have put your finger on it, this is a problem more for smaller banks.





