Jerome Powell

We always turn over all of our earnings in every year.

No, I think there are limits built into the law, which I don't have in front of me right now.

We are going to guard that border carefully, and we are going to stick to our role and not try to be policymakers.

What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available funds and real-time payments to their customers.

We believe strongly, and always have, in tailoring to address the different size and risk characteristics of financial institutions.

What needs to change is we need to get inflation under control so that interest rates can come back down.

No, we don't borrow money. We don't shut down the Fed when we have negative income.

I think oil prices could be affected. I think that is a big concern in Europe, for example.

We are not and will not be a climate policymaker.

I feel strongly that climate change is an important issue that needs to be addressed by elected people.

I hereby assure you.

I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border carefully.

I think the costs of failure to restore price stability would be extremely high, and while there will be a cost to success, the cost of failure will be much higher.

I am worried about a lot of these stablecoins and other cryptocurrencies. Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it?

Our independence is partly founded on the idea that we will stay out of stuff that you have not assigned us to do.

Congress really needs to raise the debt ceiling--that is the only way out.

I do think it would be important for us to have a workable legal framework around digital activities.

I certainly think that in a world of appropriate regulation, where the stablecoin activity gets the same regulation as comparable products in different places, then there certainly could be a place for stablecoins in our financial services…

While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring something to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to…

I don't think that a recession is inevitable.

We really need to restore price stability, and get inflation back down to 2 percent, because without that, we are not going to be able to have a sustained period of maximum employment.

It is certainly an important indicator.

That could be right. It could also just be, though, that demand is incredibly strong and that they are raising prices because they can.

I don`t see the likelihood of a recession as particularly elevated right now.

We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.