Jerome Powell actually said...

We at the Fed remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American people.

Powell emphasizes the Federal Reserve's commitment to employment and price stability.

06/20/2023

More Jerome Powell Quotes

I do think with the arrival of the tariff inflation, further progress may be delayed.

I wouldn’t say we’re in a situation that’s remotely comparable to that is likely.

the Fed's understandably cautious stance also opens the door for the Committee to be late to the party

They’re unhappy and they’re not wrong to be unhappy that prices went up quite a bit and they’re paying a lot for those things.