Jerome Powell actually said...

I think my baseline expectation is still... that inflation will move back down over the course of next year.

Powell shares his expectation for inflation to decrease next year.

11/29/2021

More Jerome Powell Quotes

It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.

we don't see it as at all appropriate for us to tell banks what legal businesses they can lend to; that is not our role.

I strongly agree.

Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.