Jerome Powell Quotes

You can't create more jobs for an economy where the vast majority of people are hesitant and even afraid to spend and buy.

As America's head coach, President Obama needs to make some big and smart adjustments to jump-start economic growth and business investment, stimulate job creation, and get wages up for ordinary Americans.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.

With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending.

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.

Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.

In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising employment because they say it adds to consumer demand.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

I'm an economist by training. And I know that what works is a permanent increase in buying power.

Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.

There's plenty of juice to keep this economy going.

Our economy, in order to grow, needs people to spend.

U.S. economic activity continues to expand, led by solid growth in household spending. But business investment remains soft, and subdued foreign demand and the appreciation of the dollar since mid-2014 continue to restrain exports.

It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.

Without public investment, without families spending, without cheap credit, the economy won't recover.

Cheap money feels like the most natural thing in the world - if you don't think about why it's so cheap.

President-elect Trump is inheriting a relatively strong economy, and markets are pricing in faster growth under his watch.

Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds.

If the economy grows, housing gets better, quicker.

We've got to get things done. We've got an economy that is stabilized, but not moving ahead.

There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.