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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
- Experience
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- Nov 07, 2020
My own experience is that the best outcomes are reached when opposing viewpoints are clearly and strongly presented before decisions are made.
- Complicated
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- Nov 07, 2020
Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.
- Considerable
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- Nov 07, 2020
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.
- Expectations
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- Nov 07, 2020
The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.
- Great
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- Nov 07, 2020
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.
- Control
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- Nov 07, 2020
The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.
- Fragmentation
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- Nov 07, 2020
Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any given value of final production, thus adding to the major expansion in gross trade flows in the 1990s and 2000s.
- Fragmentation
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- Nov 07, 2020
It is quite plausible that the process of increased fragmentation of production across borders is subject to 'diminishing returns' and has its natural limits.
- Loss
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- Nov 07, 2020
Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its causes, could lead to some loss of dynamism and growth in the region.
- Expect
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- Nov 07, 2020
To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies.
- Real
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- Nov 07, 2020
The too-big-to-fail reform project is massive in scope. In my view, it holds real promise. But the project will take years to complete. Success is not assured.
- Failure
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- Nov 07, 2020
It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.
- May
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- Nov 07, 2020
Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was uncertain. That is no longer the case.
- Lose
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- Nov 07, 2020
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.
- Large
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- Nov 07, 2020