Jerome Powell

I would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of reference.

I really do think the current equilibrium served us well, and I wouldn't see a reason to change it.

Racial discrimination in mortgage lending, in any kind of lending, is completely unacceptable.

It is a really important thing and certainly worthy of a longer discussion, which I would be delighted to have with you.

Yes, sir, it has been a gradual recovery, but it is ongoing.

Transparency is the foundation for our accountability, and I am committed to clearly explaining what we are doing and why we are doing it.

I want to begin by expressing my appreciation for my predecessor, Chair Janet Yellen, and her important contributions.

As a public institution, we must be transparent about our actions so that the public, through its elected representatives, can hold us accountable.

In our democracy, transparency and accountability must accompany that independence.

I am strongly committed to an independent Federal Reserve.

It is actually really important that we achieve our 2 percent target because our credibility is important on that front.

I look forward to working closely with you in the years ahead.

I do support a rewrite of the Volcker Rule.

Ultimately, as we are nearing full employment and everybody is back to work, it will then--at that point, it will come down to productivity.

I intend to preserve the Federal Reserve's independence, which I see as essential for us to achieve our congressionally mandated goals.

I would echo what Pope Francis said in exhorting his parish priests soon after he assumed the papacy.

We do not have a lot of tools to address the income inequality.

the very low settings of interest rates that were appropriate during the crisis and after to support economic activity are no longer appropriate.

There is no indication in wages that the labor market is overheating or even hot.

I think we make better decisions when we have diverse voices around the table.

I would also like to express my gratitude to President Trump for the confidence he has shown by nominating me to serve as Chairman of the Board of Governors of the Federal Reserve System.

I am strongly committed to that framework of transparency and accountability.

I expect inflation to move higher next year.

I would say for the year 2017, about 2.5 percent.

The failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to be dangerous, and this is something for which the board is accountable.