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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

“Very optimistic we can get back to labor market health.”

“The time is not here to put away emergency lending tools.”

“We will keep at it until we are very far along and sure we are out of the woods.”

“When the time comes, we will put emergency tools away under lock and key.”

About Jerome Powell (via

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.