Jerome Powell actually said...

We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.

Powell warned about the potential for persistent inflation due to tariffs.

04/09/2025

More Jerome Powell Quotes

Clearly some of it, a good part of it, is coming from tariffs.

Progress is probably delayed for the time being.

Inflation has started to move up now, we think, partly in response to tariffs.

Uncertainty around the economic outlook has increased.