Jerome Powell actually said...

Trade is really the business of Congress, and Congress has delegated some of that to the Executive Branch.

Powell emphasizes Congress's authority over trade, which has been partially delegated to the Executive Branch.

07/17/2018

More Jerome Powell Quotes

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

At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices

it is also possible that the effects could be more persistent

significantly larger than expected