92 Quotes by Jerome Powell

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

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

Our discussions of the economy may sometimes ring in the ears of the public with more certainty than is appropriate.

The expectation of gradual policy normalization should reduce the likelihood of outsized movements in interest rates.

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

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.

Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment.

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.

If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views into account in making their spending and investment plans; policy will be more effective as a result.