We are quite mindful of the risks to the outlook and are prepared to move and use our tools as needed. Jerome Powell More Quotes by Jerome Powell More Quotes From Jerome Powell Similarly, Trump also softened his stance on China after sharp falls in stock prices. He has offered an olive branch to China and there's no reason China would not want to accept it. Jerome Powell top-news With appropriate monetary policy, the job market will remain strong and inflation will stay near 2 percent over the next several years. Jerome Powell top-news I think the economy is in a really good place. Jerome Powell politics I think we are far enough away now though that the risks are kind of balanced, i think it's more just, we are just looking at the economy and what does it need and how do we sustain the expansion, keep the labor market strong and try to keep inflation near 2 percent. Jerome Powell top-news 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 business The financial crisis revealed important weaknesses in many areas of our financial system. Jerome Powell systemcrisisfinancialimportant There is no risk-free path for monetary policy. Jerome Powell monetary-policymonetarypolicypath The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. Jerome Powell behindgreatunemploymentchallenges Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed. Jerome Powell datacommunicationexpectations Alignment of business strategy and risk appetite should minimize the firm's exposure to large and unexpected losses. In addition, the firm's risk management capabilities need to be commensurate with the risks it expects to take. Jerome Powell risksunexpectedbusinessmanagement Long experience, in the United States and in other advanced economies, has demonstrated that monetary policy is most successful when decisions are rendered independent of influence by elected officials. Jerome Powell decisionsexperienceinfluencelong The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC. Jerome Powell actsomegovernmentauthority By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national economy. One important aspect of that role is to serve as a primary source of credit for the small businesses that are responsible for creating a substantial proportion of all new jobs. Jerome Powell newhealthcommunitycountry Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors. Jerome Powell populationgrowthimportanttools Risk management systems and controls may discourage or limit certain revenue-generating opportunities. Failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to be dangerous, and this is something for which the board is accountable. Jerome Powell limitindependencefailuremanagement The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment. Jerome Powell downwillgreatgrowth The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment. Jerome Powell priceagainstperformancesuccess The sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for savings for a wide range of U.S. households. Treasury securities are also an important source of collateral within the financial system. Jerome Powell turnfinancialgovernmentimportant All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate. Jerome Powell alwaysuncertaintyeconomicimportant The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. Jerome Powell financial-crisiscrisisfinancial
