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

In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materi...

I want to hand over to my successor an economy in good shape.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.