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.
We welcome this progress, but we will not lose sight of the millions of Americans who are still hurting, including lower-wage workers in the service sector--African Americans, Hispanics, and other minority groups that have been especially…
This historically-important legislation provided critical support in our nation's hour of need.
the worst was avoided by swift and vigorous action from Congress and the Federal Reserve.
it is the right thing to be able to get direct fiscal assistance here to our cities, and it will shorten the economic recovery.
I think climate change is a very important issue, and if you will allow me, I will start by saying that the nation's policy on climate change really needs to be set, in the first instance, by you, elected Representatives in the House and…
The sense of it, though, is that we want inflation to average 2 percent over time, and the reason we want that is that we want inflation expectations to be anchored right at 2 percent and not somewhat below 2 percent, which is arguably the…
What we learned in the course of the last expansion was that we could have unemployment at historically low levels without seeing troubling inflation arise.
We have certain legal independence, and we think that has served the public well, and we are able to make decisions without considering politics.
It will be one that has broad support among the community of intended beneficiaries, which was always the Fed's test and my test for what it would take for the Fed to support reform of CRA.
Our policy is accommodative because unemployment is high and the labor market is far from maximum employment.
A major concern since the very beginning has been people out of the labor market for too long.
Politicians like Jerome Powell
