Best quotes by Jerome Powell on Banking

Checkout quotes by Jerome Powell on Banking

• ‟ Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed.

  - Jerome Powell
  

• ‟ Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.

  - Jerome Powell
  

• ‟ The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

  - Jerome Powell
  

• ‟ As with so many sectors of the economy, technology is transforming the retail banking sector.

  - Jerome Powell
  

• ‟ With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data aggregators collect and store online banking logins and passwords provided by the bank's customers and use them to log directly into the customer's banking account.

  - Jerome Powell
  

• ‟ The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system.

  - Jerome Powell