The idea that deficits don't matter for countries that can borrow in their own currency I think is just wrong. I think that U.S. debt is fairly high as a level of (gross domestic product) and, much more importantly than that, it's growing faster than GDP, to the extent that people are talking about the Fed - our role is not to provide support for particular policies.

Jerome Powell

Categorized in : Business

More regulation is not the best answer to every problem. by Jerome Powell

More regulation is not the best answer to every problem.

answer more best problem

I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation.

human i-am think simple

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.

take always impact balance

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.

high driving balance management

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.

price policy economy growth

As with so many sectors of the economy, technology is transformin... by Jerome Powell

As with so many sectors of the economy, technology is transforming the retail banking sector.

many banking economy technology

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

banking industry data financial

The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment.

contribution environment financial

Over time, low rates can put pressure on the business models of f... by Jerome Powell

Over time, low rates can put pressure on the business models of financial institutions.

financial business pressure time

To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies.

expect stability financial government

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.

potential lose will skills