"We need to move away from very low interest rates. Theyre not appropriate for the current situation in the economy."
Jerome Hayden "Jay" Powell is an American central banker and attorney who has been the 16th chair of the Federal Reserve since 2018. He was previously both a lawyer and investment banker in the private sector before entering public service.
"As House Speaker, I congratulate Federal Reserve Chairman Powell on his nomination to lead the world’s most consequential central bank for a second term. The House looks forward to continuing to work closely with him to build on Democrats’ progress to create good-paying jobs, lower costs for families, fight inflation and Build Back Better For The People."
"Chairman Powell has brought steady leadership and sound judgment to the Federal Reserve’s mission of promoting maximum employment, stable prices and a sound financial system, especially during a time of unprecedented crisis. His proven track record and goal of achieving ‘broad-based and inclusive’ employment while lowering families’ costs will continue serve the country well, as America, under the leadership of President Biden, rebounds and Builds Back Better from crisis * Democrats are committed to Building Back Better For The People – creating jobs, cutting taxes, lowering costs and making the wealthiest few and big corporations pay their fair share"
"[Economic recovery] is a testament to the success of the President economic agenda, and it is a testament to decisive action by Chair Powell and the Federal Reserve to cushion the impact of the pandemic and get Americas economy back on track"
"So I think the reason that the newspapers are going quiet on this is the Fed broke the law. And it wants to continue breaking the law. And thats why these Wall Street banks fought so hard to get the current head of the Fed reappointed, [Jerome] Powell, because they know that hes going to do wha[[Timothy Geithner|t [Timothy] Geithner]] did under the Obama administration. Hes loyal to the New York City banks, and hes willing to sacrifice the economy to help the banks."
"[Powell is a] dangerous man to head up the Fed [and he has] regularly voted to deregulate Wall Street [a Republican majority at the Fed under Powells leadership could] drive this economy over a financial cliff again"