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Jerome Powell, Chairman of the Federal Reserve System, is responding to questions at the National Association for Business Economics’ 62nd Annual Meeting.

Key quotes

“US federal budget is on an unsustainable path; this is not the time to give priority to that concern.”

“The right thing to do is to support people hit hardest by the virus.”

“Disinflationary pressures around the world has been persistent.”

“It is appropriate for central banks, Fed to take disinflationary pressures into account to be able to respond to future downturns.”

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.