Powell speech: Don't see financial sector as risk to economy

FOMC Chairman Jerome Powell is responding to questions at a virtual town hall with educators and students.

Key quotes

"Fed's decisions are independent of direct political control."

"We don't see the financial sector as a risk to the economy."

"COVID pandemic is still casting a shadow on economic activity."

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.