Jerome Powell Quotes

People used to ask me for advice, and I'd say, 'Please, don't ask me!' Yes, I did economics at Oxford, but that's not the same as having a broad knowledge of personal finance.

Consumer banking - selling debt to middle class families - has been a gold mine.

We've been in the business of regional banking, and we understand what it is to make loans, and that's the engine of growth to small and medium sized business.

I write about banking because it is something I'm familiar with. Also, I don't have to do much research on it.

We're a boring retail and commercial bank.

And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.

What do you think, that a dollar in a savings account is freedom? Maybe you have understood nothing I have said.

At its core, banking is not simply about profit, but about personal relationships.

Rather than going through a commercial banking training program, at the first bank I ever worked in, I was the chairman. And it was my own money, so we loaned it out like it was my own money.

Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

Who would you want to be giving you advice? Somebody who doesn't have any money?

We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.

Merrill Lynch is this hugely prestigious brand.

I happen to know a bit about banking.

How come my friends in the S&L industry tell me things are so dire?

I do not dislike your bank any more than all banks.

Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from these rules, in consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.

Blackstone is a major client of many of the largest banks around the world.

I think India's growth itself will give opportunities for Indian banks to become substantially bigger.

Money has a language of its own.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

I haven't been somebody who's been smart about his money. There are a couple of actors who are quite brilliant with the way they've handled their money. But they're not very good actors.

The growth that we are targeting for our bank is in line with the banking industry.

Just because one happens to be wealthy, it doesn't mean you are naturally any good at building an investment operation that is world-class or successful.

Goldman Sachs isn't the firm it once was when I worked for it, but it's still one of the building blocks of our capitalist society.