Jerome Powell

the stress test in 2018 was materially more stressful.

the economy is doing well.

Wage growth comes into really both of those things. It comes into maximum employment. It also comes into inflation.

If it results in higher tariffs, then I think--you know, I hardly need to tell you what higher tariffs would do for agricultural producers.

I think certainly it would be very tough on the rural communities and, you know, I think we would feel that at the national level, too.

I assure you that diversity will remain a high priority objective for the Federal Reserve.

We owe you, and the public in general, clear explanations of what we are doing and why we are doing it.

Today most Americans who want jobs can find them.

As you look around the world, U.S. banks are competing very, very successfully. They are very profitable.

We are strong believers in this tool, including for institutions of $100 to $250 billion.

the only way we can sort of win in the international competition is by having the best educated, most productive workforce in the world.

The best approach is to deal directly with the people who are affected rather than falling back on tariffs.

Adding $1.5 trillion to the deficit would make a bad situation worse.

We have got unemployment, as you know, at 4.1 percent, which is sort of at or near or even below most estimates of the natural rate of unemployment.

I think we need to be concerned with fiscal sustainability over the long term.

Any kind of discrimination by race or gender or any other unfair basis in lending is completely unacceptable.

I will not comment directly on the Administration's policies, but I will say about trade that I think the record is clear that over long periods of time for many, many countries, trade is a net positive.

We need to get on a sustainable fiscal path.

We think we need the leverage ratio as a high and hard backstop to risk-based capital. We think that the current calibration of the enhanced supplemental leverage ratio is not appropriate.

I think the Reserve Banks do a good job, by the way, on this.

I will make you that commitment.

I am eager to have more colleagues.

It is a big bill. There is a lot in there. I think it is a very constructive enterprise, and I think the aspects of it that you are talking about and I certainly think are sensible.

I want to affirm my continued support for the objectives assigned to us by Congress: Maximum employment and price stability.

We take a very serious view of any kind of racial discrimination in lending.