- Economy
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- Nov 07, 2020
Jerome Powell Quotes
Most Famous Jerome Powell Quotes of All Time!
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- Last Updated on May 30, 2021
- Balance
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- Nov 07, 2020
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.
- Best
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- Nov 07, 2020
More regulation is not the best answer to every problem.
- Political
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- Nov 07, 2020
The GSEs became powerful advocates for their own bottom lines, providing substantial financial support for political candidates who supported the GSE agenda.
- Balance Sheets
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- Nov 07, 2020
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.
- Independent
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- Nov 07, 2020
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.
- Employment
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- Nov 07, 2020
The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.
- Performance
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- Nov 07, 2020
The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment.
- I Am
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- Nov 07, 2020
I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation.
- Credited
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- Nov 07, 2020
The revenue stream for Social Security benefits comes from payroll taxes, which are credited to the Social Security Trust Fund - accounting for the program's finances separately from the rest of the budget.
- Estimated
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- Nov 07, 2020
In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund called the 'normalized tax transfer,' in an amount equal to the estimated payroll taxes for the coming month.
- Effort
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- Nov 07, 2020
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
- Catastrophic
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- Nov 07, 2020
If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.
- Debt Ceiling
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- Nov 07, 2020
An increase in the debt ceiling should be accompanied by fundamental policy reforms, substantial budget savings, and a strong enforcement mechanism to tie the hands of any future Congress.
- Central Bank
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- Nov 07, 2020
A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.
- Monetary Policy
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- Nov 07, 2020