Jerome Powell Quotes


Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special skills that these institutions bring to their customers.


Citations

Powell, Jerome H. "A Perspective on Community Banking." Board of Governors of the Federal Reserve System, 2014.

Related Quotes

During this crises, the taxpayers of America had to bail out most of the largest banks in the country whose profligate investment strategy had squandered their depositors and other customers money as a result of the spiral to reap higher and higher profits until they collapsed with the executives making millions in bonuses when their banks were losing money. They put millions of people out of work, and their greedy policies crashed the housing market and then the same banks evicted millions of families when the banks foreclosed on their mortgages with thousands of bank officers committing felonies in the foreclosure processes. This was to Blankfiein and many of the other leading bankers, “God’s Work”.


Jerome Powell
Jerome Powell
  • Born: February 4, 1953
  • Nationality: American
  • Profession: Public Servant

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.