Jerome Powell actually said...

We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for...

if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in econ...

This would be a complicated and challenging judgment we would have to make

We don't have to be in a hurry. The economy is resilient and doing fairly well.