Jerome Powell: Welcoming remarks "Expanding the Impact: Increasing Capacity and Influence" Welcoming remarks by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at "Expanding the Impact: Increasing Capacity and Influence", the 2017 Interagency Minority Depository Institution and Community Development Financial Institution Bank National Conference, Los Angeles, California, 5 April 2017. * * * Thank you, Donna.
Indeed, the increase in oil prices over the past few weeks – besides being influenced by temporary supply constraints – reflects the risk of more acute tensions in oil markets in the future, which, in turn, would have a negative impact on the prospects for economic activity worldwide.