Nothing has been decided. I haven't made any decisions about what I would support, and certainly the committee hasn't, the economy is moving along about as expected ... the labor market continues to be strong. Jerome Powell More Quotes by Jerome Powell More Quotes From Jerome Powell More regulation is not the best answer to every problem. Jerome Powell answermorebestproblem I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation. Jerome Powell humani-amthinksimple There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a balance that must be constantly weighed. Jerome Powell takealwaysimpactbalance Legislative reforms in the 1990s and the public/private structure led managements to expand the GSEs' balance sheets to enormous size, underpinned by wafer-thin slivers of capital, driving high shareholder returns and very high compensation for management. Jerome Powell highdrivingbalancemanagement While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect the long-run sustainable level of the economy's growth. Jerome Powell pricepolicyeconomygrowth As with so many sectors of the economy, technology is transforming the retail banking sector. Jerome Powell manybankingeconomytechnology The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data. Jerome Powell bankingindustrydatafinancial The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment. Jerome Powell contributionenvironmentfinancial Over time, low rates can put pressure on the business models of financial institutions. Jerome Powell financialbusinesspressuretime To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies. Jerome Powell expectstabilityfinancialgovernment The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor force, permanently damaging the economy's dynamism and potential output. Jerome Powell potentiallosewillskills
