Jerome Powell

speaker
737 appearances 119 recordings 38 series first heard Mar 2018 last heard 11 Jun

Jerome Powell’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 68 in all, peaking in Jan 2026 with 43.

Appearances

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And we are taking the only measures we have to bring inflation down.
Will working people be better off if we just walk away from our jobs and inflation remains 5%, 6%?
I think the number is zero.
The historical record cautions strongly against prematurely loosening policy.
We will stay the course until the job is done.
If there were going to be a permanent effect or a lasting effect, let's say, it would be from a longer shutdown or perhaps a second shutdown, and that would be through the channel of a loss of confidence in our ability to make policy in the United States.
That would be the channel.
And I think that was something that we and many others were worried about as there was talk of an even longer shutdown.
Many FOMC participants had expected that economic conditions would likely call for about three more rate increases in 2019.
We have brought that down a bit and now think it is more likely that the economy will grow in a way that will call for two interest rate increases over the course of next year.
The question is, what would the economy look like if you didn't raise rates? matched
It would look very different, I think, if you didn't raise rates. matched
We're always trying to, you know, work our way between sort of the two problems we face. matched
One is that if we move too quickly, matched
We can, you know, snuff out a recovery unnecessarily, and inflation falls short of its 2 percent target. matched
Or if we move too slowly, we have an economy that can overheat. matched
So we're-that's happened through history. matched
We don't see any signs of that now, but we're always trying to navigate between those two shoals. matched
Fair trade under internationally accepted rules can be a good thing. matched
We are aware that raising rates too slowly might raise the risk that monetary policy would need to tighten abruptly down the road. matched
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