Jerome Powell Quotes
Risk management systems and controls may discourage or limit certain revenue-generating opportunities. Failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to be dangerous, and this is something for which the board is accountable.
Powell, Jerome H. "The Role of Boards at Large Financial Firms." Board of Governors of the Federal Reserve System, 30 Aug. 2017.
Jerome Hayden "Jay" Powell is the 16th chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Board of the Federal Reserve in 2012 by President Barack Obama, and subsequently nominated to be the chair of the Fed by President Donald Trump, and confirmed in each case by the United States Senate.