As you look around the world, U.S. banks are competing very, very successfully. They are very profitable.
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.
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.
The best approach is to deal directly with the people who are affected rather than falling back on tariffs.
I think we need to be concerned with fiscal sustainability over the long term.
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.
the only way we can sort of win in the international competition is by having the best educated, most productive workforce in the world.
Any kind of discrimination by race or gender or any other unfair basis in lending is completely unacceptable.
We are strong believers in this tool, including for institutions of $100 to $250 billion.
I really do think the current equilibrium served us well, and I wouldn't see a reason to change it.





