Economy

Rhiannon12866

(250,441 posts) Sun Jan 11, 2026, 09:22 PM 2 hrs ago

Statement by Federal Reserve Chair Jerome H. Powell - Federal Reserve

The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.

The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations. - 01/11/2026.

Visit the Federal Reserve’s website at https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm for more information.

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Statement by Federal Reserve Chair Jerome H. Powell - Federal Reserve (Original Post) Rhiannon12866 2 hrs ago OP

His term is up in a few months. He's kept the ship steady. Joinfortmill 52 min ago #1

That's the big question Bluetus 18 min ago #2

Joinfortmill

(20,128 posts)

1. His term is up in a few months. He's kept the ship steady.

Reply to Rhiannon12866 (Original post)

Sun Jan 11, 2026, 10:38 PM

52 min ago

God knows what happens after that

Bluetus

(2,323 posts)

2. That's the big question

Reply to Joinfortmill (Reply #1)

Sun Jan 11, 2026, 11:11 PM

18 min ago

Funny how the most consequential things are rarely discussed by our media. But of course, they are receiving the same vicious threats from this criminal game that Powell is facing.

Apart from the testimony about the building renovations, which Powell has already addressed very adequately. I'ld like to hear from the fed what they think of this President literally acting like a sea pirate, taking over tankers and selling the oil into secret bank accounts that will be out of the reach of any checks and balances.

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