Jerome Powell actually said...

Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.

Chairman Powell advocates for fiscal support to prevent long-term economic harm.

05/12/2020

More Jerome Powell Quotes

That is not the intent at all.

It is come down quite a bit.

We owe you, and the public in general, clear explanations of what we are doing and why we are doing it.

That is right, and I just would reiterate our commitment to this particular supervisory stress test.