A Quote by Jerome Powell

By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national economy. One important aspect of that role is to serve as a primary source of credit for the small businesses that are responsible for creating a substantial proportion of all new jobs.
Small businesses are vital contributors to our economy. They are the economic engine that is creating jobs, exploring innovation, and expanding opportunities for Americans in every community across the Nation.
Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
Local airports serve an important role as economic and public safety assets for communities across the state.
The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people.
I’m pleased to see the progress made on the Windsor Regional Hospital project. This is an important project for our community in terms of the stimulus it is providing to the local economy and the vital role the new facility will play in providing state-of-the-art health care and treatment to Windsor residents.
As a former small business owner, I recognize both the important role small businesses play in our economy and the broad universe of challenges that small business owners face in trying to make ends meet.
For small businesses in Kansas and across the country, the coronavirus has the potential to cause devastating financial hardship that would have a ripple effect throughout our economy. These businesses make up the backbone of our communities, and we have to ensure they are properly supported and protected.
The very foundation of our nation's economy is predicated on the health, growth, and vitality of our local communities.
One nation banking recognises that banks must not be isolated from the rest of the economy. Because banks and small businesses must succeed or fail together, banks must lend to small businesses so we can get the growth and jobs we need for the future. As things stand, that is not happening enough. Lending was down £10.8billion last year.
Many small businesses rely on small financial institutions, like credit unions and community banks, to meet their capital requirements. Without them, these small businesses would have to close their doors.
Large financial institutions in this country will always play a role that is essential to our economic growth. But they must only be permitted to grow and interconnect, throughout our economy, under careful oversight and with a mechanism for allowing those connections to be broken safely.
There's this constant narrative of anxieties: Is the U.S. in decline? Is China rising? People forget... no other country is trying to play the role we play. They're not signing up to be responsible for security in the Middle East, responsible for the global economy, responsible for enforcing international norms.
For small community banks and credit unions, like those in Central and Northern Wisconsin, the hundreds of new rules will require an estimated 2,260,631 labor hours just for compliance. Those are hours that your local bank or credit union will spend dealing with some Washington bureaucrat instead of focusing on the needs of customers like you.
Small businesses have played an important role in fueling past economic recoveries.
Trade plays an important role in empowering our nation, growing its economy, creating domestic jobs, and enhancing American competitiveness in the global chain of commerce.
So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will now be traded on either exchanges or some kind of central clearing, they are going to be a very good measure of the credit worthiness of different companies.
This site uses cookies to ensure you get the best experience. More info...
Got it!