Jerome Powell Quotes

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

It's hard to punish and save the banks at the same time.

I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.

The only way to make sure no bank is too big to fail is to make sure no bank is too big.

As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.

The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

Bailing out every bank that fails makes the system riskier, not safer.

What Obama is saying is simple: The United States has become Too Big To Fail.

Businesses have no place being 'too big to fail.'

I think Ben Bernanke and Tim Geithner shared the view that they shouldn't be in the business of bailouts, but you know, you're not in the business of bailouts until you frankly think you need to be.

My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.

Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.

Any bank that is too big to fail is too big. Period.

The job of the Central Bank is to worry.

If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.

We should ban banks from risk-taking because society is going to pay the price.

Both Mitt Romney and Newt Gingrich supported the Wall Street bailout.

If Freddie Mac is unable to raise capital, it could spark a political and financial crisis.

Financial crises require governments.

Since 1840 the United States has had 12 systemic banking crises and Canada has had none …. It all has to do with politics.

There are some outcomes in finance we don't want, and government should regulate that.

I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster.

There's something called, 'resolution authority,' which gives the government the power to takeover a failing bank - something they didn't have pre-Lehman Brothers.