Jerome Powell actually said...

While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.

Powell discussed the potential long-term effects of tariffs on inflation.

04/09/2025

More Jerome Powell Quotes

It is actually really important that we achieve our 2 percent target because our credibility is important on that front.

Ultimately, as we are nearing full employment and everybody is back to work, it will then--at that point, it will come down to productivity.

Yes, of course. We are very focused on pockets of people and different pockets of people for whom the recovery is not real yet.

I would say for the year 2017, about 2.5 percent.