The top 10 most inspiring quotes by Jerome Powell
- While monetary policy can contribute to growth by supporting durable expansion in the context of price stability, it cannot reliably affect the long-run sustainable level of the economy’s growth.
- 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.
- 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.
- 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.
- No single housing finance institution should be too big to fail.
- 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.
- There is no risk-free path for monetary policy.
- 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.
- We live in a world defined by the rapid pace of technological change.
- The financial crisis revealed important weaknesses in many areas of our financial system.
Jerome Hayden Powell, born on February 4, 1953, is an American economist and central banker who has played a prominent role in shaping monetary policy in the United States. Powell earned a degree in politics from Princeton University in 1975 and a law degree from Georgetown University in 1979. Before entering the public service, he worked in investment banking and private equity.
Powell joined the U.S. Federal Reserve in 2012 as a member of the Board of Governors. In 2018, he was appointed by President Donald Trump as the 16th Chair of the Federal Reserve, succeeding Janet Yellen. Powell has been known for his pragmatic and consensus-driven approach to monetary policy, focusing on the dual mandate of stable prices and maximum sustainable employment.
As the Federal Reserve Chair, Powell faced challenges such as navigating monetary policy during the COVID-19 pandemic and addressing economic uncertainties. His leadership has been marked by efforts to communicate transparently with the public and adapt to changing economic conditions. Powell’s tenure has been characterized by a commitment to data-driven decision-making and fostering economic stability.
👉Listen to the best music from all over the world at www.liveonlineradio.net #Jerome_Powell #quotes #FM #Online_radio #radio #live_online_radio #live #world_radio
