Jerome Powell actually said...

I think that is a pretty good guess of what will happen if the economy performs about as expected.

Powell discusses expectations for future rate hikes based on economic performance.

06/20/2023

More Jerome Powell Quotes

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

I want to hand over to my successor an economy in good shape.

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.