Jerome Powell speech: Dollar has only partly recovered the decline it had in 2017

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System,  is now responding to questions from the press, with key quotes (via Reuters) found below.

• Strongly opposes efforts to take away Fed’s crisis-fighting powers.
• Borrowing costs are higher but are still very low at historical standards.
• Dollar has only partly recovered the decline it had in 2017.

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About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.