I still think that those capital hikes we made in the last cycle come through looking pretty good.
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.
We at the Fed remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American people.
climate change is going to be a very important issue for a long time, and it needs to be addressed principally by elected people because it has enormous distributive consequences.
We do consider inequality in the economy as part of our thinking about decisions, and those are certainly highly-valuable social goals to pursue.
the United States' Federal budget is on an unsustainable path, which means that the debt is growing faster than the economy.
I think we learned from the Silicon Valley failure and the others that there is going to be a need for stronger supervision.
We believe that it would be appropriate to have quite a robust Federal role in what happens with stablecoins going forward.
the important decisions about climate change need to be made by elected people, not by the Fed.
We are following it very, very closely, and I think you have put your finger on it, this is a problem more for smaller banks.
Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.
It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.
we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.
Our statutory goals are price stability and maximum employment, and we are dedicated to using our tools to achieve those goals.
The status of the dollar as the world's reserve currency is a very important thing to us.
I think that is a pretty good guess of what will happen if the economy performs about as expected.
We should not even be talking about a world in which the U.S. does not pay its bills.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
We should not even be talking about a world in which the U.S. does not pay its bills.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
In the rules before us, we are applying the discretion granted to us by the Economic Growth Regulatory Relief and Consumer Protection Act.





