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Jerome H Powell: speeches

44 speeches by Jerome H Powell listed between 11 January 2022 and 21 March 2026. Roles covered: Chair of the Federal Reserve (5 February 2018 – 14 May 2026). Most frequent topics: inflation and price stability, monetary policy and interest rates, labour markets and jobs.

Last updated 10 November 2026 · newest first

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· Jerome H Powell Wiki · Federal Reserve WikiAcceptance Remarks

ContextPre-recorded acceptance remarks by Jerome Powell for the Paul A. Volcker Public Integrity Award of the American Society for Public Administration.

Why it mattersThe outgoing Fed Chair speaks about integrity and independence under political pressure.

Problems raised
  1. Public servants face political pressure.
  2. Fighting inflation can require painful choices.
  3. Short-term pressures threaten long-term goals.
Solutions proposed
  1. Follow Paul Volcker's example of firmness.
  2. Keep independence to do what is right.
  3. Use independence with integrity.
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· Jerome H Powell Wiki · Federal Reserve WikiStatement from Federal Reserve Chair Jerome H. Powell

ContextPublic statement by Jerome Powell, released by the Federal Reserve on 11 January 2026.

Why it mattersAn exceptional public statement in which the Fed Chair responds to a threat of indictment and defends the Fed's independence.

Problems raised
  1. The Justice Department threatened the Fed Chair with indictment.
  2. The administration keeps pressuring the Fed.
  3. Monetary policy could be driven by intimidation.
Solutions proposed
  1. Keep setting rates based on evidence and economic conditions.
  2. Stand firm in the face of threats.
  3. Defend the Fed's independence publicly.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Hoover Institution's George P. Shultz Memorial Lecture Series at Stanford University.

Why it mattersThe Fed Chair honours George Shultz, mixing principles and practical problem-solving in public policy.

Problems raised
  1. Policy debates often become absolutist.
  2. Markets sometimes fail.
  3. Discrimination remains a problem in society.
Solutions proposed
  1. Combine strong principles with practical problem-solving.
  2. Address market failures with public policy when needed.
  3. Follow George Shultz's example of integrity.
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· Jerome H Powell Wiki · Federal Reserve WikiUnderstanding the Fed’s Balance Sheet

ContextSpeech by Jerome Powell on the Fed's balance sheet at the 67th Annual Meeting of the National Association for Business Economics in Philadelphia.

Why it mattersThe Fed Chair explains the balance sheet and why shrinking it further could strain bank liquidity.

Problems raised
  1. Shrinking the balance sheet too far could stress bank liquidity.
  2. Tariffs push up goods prices.
  3. Employment and inflation goals are in tension.
Solutions proposed
  1. Manage the balance sheet carefully to keep reserves ample.
  2. Separate tariff effects from broad inflation.
  3. Set policy meeting by meeting, as there is no risk-free path.
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· Jerome H Powell Wiki · Federal Reserve WikiWelcoming Remarks

ContextPre-recorded welcoming remarks by Jerome Powell at the Fed's Community Bank Conference in Washington, D.C.

Why it mattersShort welcome that signals the Fed's attention to community banks and the research the conference brings to local lending issues.

Problems raised
  1. Key community issues need attention.
  2. Understanding them requires research.
  3. The Chair could not attend in person.
Solutions proposed
  1. Welcome participants to the Board.
  2. Commit to understanding these issues.
  3. Support the conference's work.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at the Greater Providence Chamber of Commerce luncheon in Warwick, Rhode Island.

Why it mattersThe Fed chair describes a two-sided risk picture, with tariffs lifting inflation while job risks grow, shortly after the first rate cut of 2025.

Problems raised
  1. Tariffs push inflation expectations up.
  2. Inflation risks are up while job risks are down.
  3. Easing too fast could leave inflation unfinished.
Solutions proposed
  1. Prevent a one-time price rise from becoming ongoing inflation.
  2. Set policy based on incoming data.
  3. Balance the risks carefully.
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· Jerome H Powell Wiki · Federal Reserve WikiMonetary Policy and the Fed’s Framework Review

ContextSpeech by Jerome Powell at the Federal Reserve Bank of Kansas City's Jackson Hole symposium, presenting the review of the Fed's monetary policy framework.

Why it mattersPowell's Jackson Hole speech presents the Fed's revised policy framework and signals that shifting risks may justify adjusting rates.

Problems raised
  1. Economic policy is changing sweepingly.
  2. Inflation is still somewhat elevated.
  3. The balance of risks is shifting.
Solutions proposed
  1. Keep inflation expectations anchored.
  2. Update the Fed's framework and communication.
  3. Avoid tightening based only on uncertain estimates.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Fed conference on the capital framework for large banks in Washington, D.C.

Why it mattersThe Fed reviews whether its overlapping capital requirements fit together, a step toward lighter burdens on the largest lenders.

Problems raised
  1. Bank capital rules have many overlapping parts.
  2. The pieces may not work well together.
  3. Rules for large banks need review.
Solutions proposed
  1. Review the capital framework in an integrated way.
  2. Make risk, leverage, surcharge and stress test rules consistent.
  3. Listen to new ideas and feedback.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the House Committee on Financial Services, presenting the Monetary Policy Report to Congress.

Why it mattersPowell's semiannual testimony explains why the Fed waits to see how tariffs affect prices before cutting rates.

Problems raised
  1. Trade policy weighs on sentiment.
  2. Near-term inflation expectations rose.
  3. Tariffs may pass through into prices.
Solutions proposed
  1. Keep longer-term expectations anchored.
  2. Prevent a one-time price rise from becoming persistent.
  3. Stay focused on maximum employment and stable prices.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the 75th anniversary conference of the Fed's Division of International Finance in Washington, D.C.

Why it mattersThe Fed chair opens a conference on measuring geopolitical and trade uncertainty.

Problems raised
  1. Uncertainty affects economic activity.
  2. Geopolitical and trade risks are hard to measure.
  3. Policy needs better tools.
Solutions proposed
  1. Build new indexes for geopolitical and trade uncertainty.
  2. Support international economic research.
  3. Honour past leaders like Stanley Fischer.
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· Jerome H Powell Wiki · Federal Reserve WikiBaccalaureate Remarks

ContextBaccalaureate remarks by Jerome Powell at Princeton University, New Jersey.

Why it mattersPowell offers graduates personal reflections on risk-taking and public service rather than policy signals.

Problems raised
  1. Graduates face an uncertain future.
  2. Growth requires taking risks.
  3. Crises test institutions.
Solutions proposed
  1. Take risks and accept mistakes.
  2. Serve the public with dedication.
  3. Rely on experienced civil servants in crises.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Second Thomas Laubach Research Conference, hosted by the Fed in Washington, D.C.

Why it mattersPowell opens the Fed's framework review conference, focused on keeping inflation expectations anchored.

Problems raised
  1. The Fed's framework needs review.
  2. Expectations must stay anchored.
  3. Monetary policy must be understood.
Solutions proposed
  1. Keep inflation expectations anchored.
  2. Support research like Thomas Laubach's.
  3. Learn from long expansions.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at the Economic Club of Chicago.

Why it mattersPowell warns that tariffs could push the Fed's two goals in opposite directions, days after the April tariff announcements.

Problems raised
  1. Tariffs are likely to raise inflation.
  2. Sentiment has fallen sharply.
  3. The Fed's goals may be in tension.
Solutions proposed
  1. Keep long-term expectations anchored.
  2. Prevent a one-time rise from becoming persistent.
  3. Balance the dual mandate carefully.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at the annual conference of the Society for Advancing Business Editing and Writing in Arlington, Virginia.

Why it mattersPowell says the Fed will wait for clarity on tariffs, describing risks of both higher unemployment and higher inflation.

Problems raised
  1. Tariffs raise risks of higher unemployment and inflation.
  2. Their effects are hard to assess.
  3. Uncertainty is very high.
Solutions proposed
  1. Communicate clearly with the public.
  2. Keep long-term expectations anchored.
  3. Wait for clarity before adjusting policy.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at the University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum in New York.

Why it mattersPowell signals patience as near-term inflation expectations rise with tariff uncertainty.

Problems raised
  1. Uncertainty is elevated.
  2. Near-term inflation expectations rose.
  3. Risks affect both sides of the mandate.
Solutions proposed
  1. Keep long-term expectations anchored at 2%.
  2. Ease if the labour market weakens.
  3. Stay well positioned for risks.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the Senate Banking Committee, presenting the Monetary Policy Report to Congress.

Why it mattersPowell's testimony explains why the Fed is in no hurry to cut further.

Problems raised
  1. Easing too fast could hinder inflation progress.
  2. Easing too slowly could hurt jobs.
  3. Risks exist on both sides.
Solutions proposed
  1. Adjust policy carefully.
  2. Ease if labour weakens or inflation falls faster.
  3. Keep long-term expectations anchored.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at a public conversation in Dallas, Texas.

Why it mattersPowell signals the Fed is not in a hurry to cut after the US election.

Problems raised
  1. The economy weathered a pandemic.
  2. Inflation has come down but not fully.
  3. Risks to goals are balanced.
Solutions proposed
  1. Return inflation to target without high unemployment.
  2. Move policy gradually.
  3. Watch both sides of the mandate.
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· Jerome H Powell Wiki · Federal Reserve WikiEconomic Outlook

ContextSpeech by Jerome Powell on the economic outlook at the National Association for Business Economics Annual Meeting in Nashville, Tennessee.

Why it mattersPowell says further cuts will be decided meeting by meeting after the half-point cut.

Problems raised
  1. Housing inflation declines slowly.
  2. Risks to goals are two-sided.
  3. The labour market has cooled.
Solutions proposed
  1. Decide meeting by meeting.
  2. Assess data carefully.
  3. Keep the economy strong.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextPre-recorded opening remarks by Jerome Powell at the 10th Annual U.S. Treasury Market Conference at the Federal Reserve Bank of New York.

Why it mattersPowell stresses the importance of a well-functioning Treasury market for the whole system.

Problems raised
  1. Treasury markets must function well.
  2. Stress can disrupt them.
  3. Everyone relies on them.
Solutions proposed
  1. Keep Treasury markets functioning at a high level.
  2. Continue dialogue at annual conferences.
  3. Stay dedicated to market resilience.
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· Jerome H Powell Wiki · Federal Reserve WikiReview and Outlook

ContextSpeech by Jerome Powell at the Federal Reserve Bank of Kansas City's Jackson Hole symposium on the effectiveness and transmission of monetary policy.

Why it mattersPowell declares that the time has come for policy to adjust, signalling the first rate cut.

Problems raised
  1. High inflation caused stress and unfairness.
  2. Risks shifted toward employment.
  3. A slow recovery could repeat.
Solutions proposed
  1. Use restrictive policy to restore balance.
  2. Keep expectations anchored.
  3. Adjust policy as risks change.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the Senate Banking Committee, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress that high inflation is no longer the only risk.

Problems raised
  1. Inflation progress needs confirmation.
  2. High inflation is not the only risk now.
  3. The labour market has cooled.
Solutions proposed
  1. Wait for more good data.
  2. Balance risks to both goals.
  3. Keep expectations anchored.
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· Jerome H Powell Wiki · Federal Reserve WikiGeorgetown University Law Center Commencement Address

ContextPre-recorded commencement address by Jerome Powell at Georgetown University Law Center in Washington, D.C.

Why it mattersPowell gives graduates personal advice on service and luck rather than policy signals.

Problems raised
  1. Graduates enter a demanding world.
  2. Luck brings responsibility.
  3. Service matters.
Solutions proposed
  1. Work hard and contribute.
  2. Share good fortune with others.
  3. Serve the public good.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Business, Government, and Society Forum of the Stanford Graduate School of Business.

Why it mattersPowell rejects a broader climate role for the Fed while keeping banks responsible for material risks.

Problems raised
  1. Inflation is still above 2%.
  2. Climate risks affect regulated institutions.
  3. Pressure may grow to expand the Fed's role.
Solutions proposed
  1. Keep policy on course to 2%.
  2. Expect banks to manage material risks, including climate.
  3. Protect the Fed's independence and narrow mandate.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the House Committee on Financial Services, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress cuts will come once inflation confidence grows.

Problems raised
  1. High inflation hurts those least able to pay.
  2. Inflation is still above goal.
  3. Risks are balancing.
Solutions proposed
  1. Stay focused on the dual mandate.
  2. Remain attentive to inflation risks.
  3. Move toward balance carefully.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at a fireside chat at Spelman College in Atlanta, Georgia.

Why it mattersPowell says it is premature to speculate on cuts and keeps the option to tighten.

Problems raised
  1. The economic outlook remains uncertain.
  2. The right level of monetary restraint is hard to judge.
  3. The lags with which tightening affects inflation are uncertain.
Solutions proposed
  1. Keep policy restrictive until inflation is clearly heading to 2%.
  2. Move carefully and decide meeting by meeting.
  3. Stand ready to tighten further if needed.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at a policy panel of the IMF's 24th Jacques Polak Annual Research Conference in Washington, D.C.

Why it mattersPowell says the Fed is not confident policy is restrictive enough yet.

Problems raised
  1. The pandemic-era inflation episode was historic.
  2. Supply shocks complicate the monetary policy response.
  3. Core inflation remains above 2%.
Solutions proposed
  1. Remain committed to returning inflation to 2%.
  2. Look through temporary supply shocks when appropriate.
  3. Tighten further if progress on inflation stalls.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell for the centennial of the Fed's Division of Research and Statistics in Washington, D.C.

Why it mattersPowell praises the role of rigorous research in Fed policymaking.

Problems raised
  1. The economy faces unpredictable shocks such as crises and pandemics.
  2. Policymaking needs rigorous research.
  3. The Fed must keep adapting to new challenges.
Solutions proposed
  1. Rely on high quality economic research and statistics.
  2. Preserve the expertise built up over a century.
  3. Keep a culture of rigour and resilience.
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· Jerome H Powell Wiki · Federal Reserve WikiIntroductory Remarks

ContextIntroductory remarks by Jerome Powell at the 2023 Daniel Patrick Moynihan Lecture of the American Academy of Political and Social Science in Washington, D.C.

Why it mattersPowell honours Alan Blinder's work linking research and policy.

Problems raised
  1. Policymaking needs informed judgment.
  2. Central banks face uncertainty.
  3. Economic research must serve the public good.
Solutions proposed
  1. Honour the use of informed judgment in policy.
  2. Draw on academic work like Alan Blinder's.
  3. Combine research with practical policymaking.
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· Jerome H Powell Wiki · Federal Reserve WikiOpening Remarks

ContextOpening remarks by Jerome Powell at the Economic Club of New York luncheon.

Why it mattersPowell says strong data could warrant further tightening.

Problems raised
  1. Inflation is still too high.
  2. Pandemic distortions to supply and demand are unwinding.
  3. Uncertainty about tightening too much or too little.
Solutions proposed
  1. Proceed carefully with policy decisions.
  2. Keep policy restrictive until inflation falls sustainably.
  3. Balance the risks of doing too much or too little.
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· Jerome H Powell Wiki · Federal Reserve WikiWelcoming Remarks

ContextWelcoming remarks by Jerome Powell at a teacher town hall meeting in Washington, D.C., also webcast.

Why it mattersPowell speaks to teachers about explaining the Fed in plain language.

Problems raised
  1. Many people understand little about the economy and the Fed.
  2. Teachers need resources to explain economics.
  3. Economic education is uneven.
Solutions proposed
  1. Support teachers with Fed Education resources.
  2. Engage students and teachers directly.
  3. Explain the Fed's role in plain language.
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· Jerome H Powell Wiki · Federal Reserve WikiInflation: Progress and the Path Ahead

ContextSpeech by Jerome Powell at the Federal Reserve Bank of Kansas City's Jackson Hole symposium on structural shifts in the global economy.

Why it mattersPowell's Jackson Hole speech keeps further hikes on the table to finish the job.

Problems raised
  1. Inflation is still too high.
  2. Shelter inflation reacts slowly.
  3. Risk of tightening too much or too little.
Solutions proposed
  1. Bring inflation down to 2%.
  2. Proceed carefully, data-dependent.
  3. Be ready to raise rates further.
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· Jerome H Powell Wiki · Federal Reserve WikiFinancial Stability and Economic Developments

ContextSpeech by Jerome Powell at the Banco de España's fourth Conference on Financial Stability in Madrid.

Why it mattersPowell draws lessons from the Silicon Valley Bank failure.

Problems raised
  1. US banking stress emerged earlier in 2023.
  2. SVB was exposed to interest rate risk and uninsured deposits.
  3. Financial resilience needs continuous work.
Solutions proposed
  1. Learn lessons from bank failures.
  2. Keep strengthening post-crisis reforms.
  3. Improve supervision and regulation.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the House Committee on Financial Services, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress that more hikes are likely this year.

Problems raised
  1. Inflation remains well above 2%.
  2. The labour market remains very tight.
  3. Recent bank stress may tighten credit conditions.
Solutions proposed
  1. Continue tightening as needed to return inflation to 2%.
  2. Consider the cumulative tightening and policy lags.
  3. Monitor credit conditions after bank failures.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the Senate Banking Committee, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress that rates may need to go higher than expected.

Problems raised
  1. Inflation is well above the 2% goal.
  2. The labour market remains extremely tight.
  3. Recent data suggest rates may need to go higher than expected.
Solutions proposed
  1. Keep tightening monetary policy.
  2. Take into account the lags of past rate increases.
  3. Be prepared to increase the pace of hikes if data warrant.
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· Jerome H Powell Wiki · Federal Reserve WikiPanel on "Central Bank Independence and the Mandate—Evolving Views"

ContextRemarks by Jerome Powell on a panel on central bank independence at the Sveriges Riksbank symposium in Stockholm.

Why it mattersPowell argues that independence must be earned by sticking to the mandate.

Problems raised
  1. Central bank independence must be earned.
  2. Restoring price stability can be unpopular.
  3. Pressure to pursue social goals exists.
Solutions proposed
  1. Achieve assigned goals with transparency.
  2. Stick to the statutory mandate.
  3. Accept unpopular measures to fight inflation.
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· Jerome H Powell Wiki · Federal Reserve WikiInflation and the Labor Market

ContextSpeech by Jerome Powell on inflation and the labour market at the Hutchins Center of the Brookings Institution in Washington, D.C.

Why it mattersPowell signals smaller rate increases while focusing on how high rates go.

Problems raised
  1. Inflation remains far too high.
  2. High inflation imposes hardship on households.
  3. It is unclear how high rates must go.
Solutions proposed
  1. Moderate the pace of rate increases.
  2. Hold policy restrictive for some time.
  3. Focus on the peak rate and duration.
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· Jerome H Powell Wiki · Federal Reserve WikiWelcoming Remarks

ContextPre-recorded welcoming remarks by Jerome Powell at the 2022 Community Banking Research Conference in St. Louis, Missouri.

Why it mattersPowell backs research on small local lenders.

Problems raised
  1. Community banks face changing challenges.
  2. Research on community banking is needed.
  3. Their role must be understood.
Solutions proposed
  1. Support community banking research.
  2. Hold annual conferences.
  3. Adapt policy to community banks.
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· Jerome H Powell Wiki · Federal Reserve WikiMonetary Policy and Price Stability

ContextSpeech by Jerome Powell at the Federal Reserve Bank of Kansas City's Jackson Hole symposium on monetary policy and price stability.

Why it mattersPowell's Jackson Hole speech warns that restoring price stability will cause some pain.

Problems raised
  1. Inflation is far too high.
  2. One month of improvement is not enough.
  3. Restoring price stability will cause some pain.
Solutions proposed
  1. Keep raising rates.
  2. Hold policy restrictive for some time.
  3. Learn from the 1970s and 1980s.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the Senate Banking Committee, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress the Fed is committed to restoring price stability.

Problems raised
  1. Inflation is high.
  2. Financial conditions are tightening.
  3. The time is uncertain.
Solutions proposed
  1. Take measures to restore price stability.
  2. Avoid adding uncertainty.
  3. Stay attentive to inflation risks.
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· Jerome H Powell Wiki · Federal Reserve WikiWelcoming Remarks

ContextWelcoming remarks by Jerome Powell at the Fed research conference on the international roles of the U.S. dollar in Washington, D.C.

Why it mattersPowell opens research on the greenback's global use.

Problems raised
  1. The dollar's international role needs study.
  2. Swap lines were critical in crises.
  3. Global financial stability depends on the dollar.
Solutions proposed
  1. Research the dollar's international roles.
  2. Use swap lines in crises.
  3. Host expert conferences.
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· Jerome H Powell Wiki · Federal Reserve WikiWelcoming Remarks

ContextPre-recorded welcoming remarks by Jerome Powell at the Reservation Economic Summit 2022 of the National Center for American Indian Enterprise Development in Las Vegas.

Why it mattersPowell supports research on Native American economies.

Problems raised
  1. Native American communities face economic barriers.
  2. Small businesses need data and support.
  3. Tribal economies need diversification.
Solutions proposed
  1. Partner with the National Center for American Indian Enterprise Development.
  2. Support research on Indian Country development.
  3. Promote tribal enterprise diversification.
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· Jerome H Powell Wiki · Federal Reserve WikiRestoring Price Stability

ContextSpeech by Jerome Powell on restoring price stability at the 38th Annual Economic Policy Conference of the National Association for Business Economics in Washington, D.C.

Why it mattersPowell signals faster rate rises after the first hike.

Problems raised
  1. Inflation is much too high.
  2. Russia's invasion adds uncertainty.
  3. Earlier moderate forecasts proved wrong.
Solutions proposed
  1. Raise rates expeditiously.
  2. Move beyond neutral if needed.
  3. Restore price stability.
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· Jerome H Powell Wiki · Federal Reserve WikiSemiannual Monetary Policy Report to the Congress

ContextSemiannual testimony of Jerome Powell before the House Committee on Financial Services, presenting the Monetary Policy Report to Congress.

Why it mattersPowell tells Congress the Fed will begin raising rates.

Problems raised
  1. Inflation is well above 2%.
  2. Russia's attack adds uncertainty.
  3. Inflation expectations may rise.
Solutions proposed
  1. Begin raising rates.
  2. Reduce the balance sheet.
  3. Monitor a wide range of information.
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· Jerome H Powell Wiki · Federal Reserve WikiNomination hearing

ContextHearing of Jerome Powell before the Senate Banking Committee on his renomination for a second term as Fed Chair.

Why it mattersAt his renomination hearing, Powell promises to stop high prices from becoming entrenched.

Problems raised
  1. Inflation is too high.
  2. The pandemic caused crises.
  3. The Fed must act.
Solutions proposed
  1. Use tools to prevent entrenched inflation.
  2. Support a strong labour market.
  3. Take extraordinary actions when needed.
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