Jerome Powell

We are seeing communities, including African-American communities, that are being reached by the jobs market in a way that they haven't felt really ever.

I do. I very much do.

It would be better to have one agreed-upon framework for CRA.

We are aware of those concerns, and we will be watching to see whether there is any such effect.

The U.S. economy is now in a good place. At the moment, unemployment is low, prices are near 2 percent inflation, so we're in a good place now.

The economy is doing very well.

Trade is really the business of Congress, and Congress has delegated some of that to the Executive Branch.

It is come down quite a bit.

I think it is our obligation to explain ourselves.

That is not the intent at all.

I think a more protectionist approach to trade, if it is sustained over a period of time, has not historically been good for economies.

if this process leads to a world of higher tariffs on a wide range of goods and services that are traded and those are sustained for a longer period of time--in other words, if it results in a more protectionist world, that will be bad for…

I strongly agree with you that trade needs to be fair as well as free.

I think it is very clear that some countries, and China in particular, have less open trading systems than we would like.

It is unsustainable to have effectively the U.S. housing finance system on the government's books for the long run.

explaining what we are doing and why we are doing it, and will continue to pursue ways to improve transparency both in monetary policy and in regulation.

I think, you know, what you have assigned us is literally maximum employment and stable prices, and also financial stability.

That is right, and I just would reiterate our commitment to this particular supervisory stress test.

So our intention and our practice is going to be to implement the bill as quickly as we possibly can.

I think it is really important for the longer run that we get the housing finance system off the Federal Government's balance sheet and using market forces and some of the things that are already in place and carry forward some kind of a…

We believe that this is the best way we can help set conditions in which Americans who want a job can find one.

the most successful postcrisis innovation for bank regulation.

I think wages are set in the marketplace between workers and companies, and they are affected by a range of factors.

Inflation is going to be really important.

Yes, I would say that the labor market has strengthened.