Jerome Powell actually said...

High housing costs for workers are making it difficult for people to live close to where they need to be going for work.

Powell highlights the impact of high housing costs on workforce participation.

03/01/2022

More Jerome Powell Quotes

I look forward to working closely with you in the years ahead.

I would say for the year 2017, about 2.5 percent.

Yes, of course. We are very focused on pockets of people and different pockets of people for whom the recovery is not real yet.

Ultimately, as we are nearing full employment and everybody is back to work, it will then--at that point, it will come down to productivity.