We understand that America’s prosperity is bound up with the prosperity of other nations, including emerging market nations. Jerome Powell Read Quote
Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well. Jerome Powell Read Quote
Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds. Jerome Powell Read Quote
Against this backdrop of technological change and heightened expectations, it is worth remembering our broad public policy objectives, which are driven by the fundamental importance of the payments system in our society. Jerome Powell Read Quote
By the beginning of the 20th century, the debate about monetary policy and the nation’s financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore. Jerome Powell Read Quote
Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in western areas toward the nation’s financial system. Jerome Powell Read Quote
The question of how to structure our nation’s financial system arose in the early years of the republic. Jerome Powell Read Quote
The Fed’s organization reflects a long-standing desire in American history to ensure that power over our nation’s monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency. Jerome Powell Read Quote
While the move to central clearing has made the system safer, we need to make sure that the central counterparties have the resources and risk-management practices to withstand plausible but severe shocks. Jerome Powell Read Quote
We need a national focus on increasing the sustainable growth rate of our economy. Jerome Powell Read Quote
