Jerome Powell Quotes

The job of the Central Bank is to worry.

What is important for a central banker is that you have to convey that you know what you are doing.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

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.

This bill, the Sound Dollar Act, is all about looking forward about the role the Fed should play.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Who controls the issuance of money controls the government!

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

There's nothing the people love more than a Federal Reserve joke.

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.

Interest rates are used to achieve overall economic stability.

At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.

The Fed's independence is critical.

And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.

I’ve always been a little nervous about the Fed. Quite frankly, I’m a little nervous about the degree of their independence.

Our system works best if the value of money stays the same.

I don't have any influence over the Fed [Federal Reserve System], none at all. It's carefully isolated from any influence by the President or Congress.

Nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency.

Money can never circulate freely and actively unless there be absolute confidence in its value.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value.

The Federal Reserve's job is to take away the punch bowl just when the party gets going.