Jerome Powell actually said...

Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term inflation expectations.

Powell discusses the increase in longer-term interest rates.

05/14/2025

More Jerome Powell Quotes

we understand that high inflation poses significant hardships, especially on those least able to meet the higher costs of essentials like fo...

we are not saying they will go down, but we are saying that the increases will be much smaller.

High housing costs for workers are making it difficult for people to live close to where they need to be going for work.

I think we are at that level, at least.