Phrase by 'Jerome Powell'
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In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund called the 'normalized tax transfer,' in an amount equal to the estimated payroll taxes for the coming month.
Author: Jerome Powell - American Public ServantBeginning , Trust , Security , Government
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.
Author: Jerome Powell - American Public ServantCapacity , Result , Stress , Testing
Against this backdrop of technological change and heightened expectations, it is worth remembering our broad public policy objectives, which are driven by the fundamental importance of the payments system in our society.
Author: Jerome Powell - American Public ServantSociety , Change , Worth , Expectations
The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor force, permanently damaging the economy's dynamism and potential output.
Author: Jerome Powell - American Public ServantWill , Potential , Lose , Force
Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds.
Author: Jerome Powell - American Public ServantMore , Support , Financial , React
There is certainly a role for regulation, but regulation should always take into account the impact that it has on markets, a balance that must be constantly weighed.
Author: Jerome Powell - American Public ServantAlways , Take , Balance , Impact
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