Jerome Powell actually said...

For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments

Powell discusses the Fed's cautious approach to potential economic adjustments.

06/23/2025

More Jerome Powell Quotes

it is also possible that the effects could be more persistent

I will say, though, it feels like we don’t need to be in a hurry.

It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.

I do think with the arrival of the tariff inflation, further progress may be delayed.