I do think that as this expansion has continued, we have started to see people at the lower end of the wage scale get the bulk of the benefits.
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.
In a downturn, it would also be important for fiscal policy to support the economy. However, as noted in the Congressional Budget Office's recent long-term budget outlook, the Federal budget is on an unsustainable path with high and rising…
Let me start by saying that my colleagues and I strongly support the goals of maximum employment and price stability that Congress has set for us for monetary policy.
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 think our economy has been market-based, and I think that has served the public well.
I would say the economy has performed--I said reasonably well so far this year.
Yes, we would. That is why we have been working on--you mentioned that report.
We want prosperity to be spread as broadly as it possibly can, and we want there to be progress upward for lots of people.
I think it would remove uncertainty about our trade policy with Mexico and Canada to have that pass.





