Jerome Powell actually said...

We will do that. I will say, though, that monetary policy as a tool is famously a broad--it is a broadly effective tool.

Powell acknowledges the limitations of monetary policy in targeting specific groups.

02/22/2021

More Jerome Powell Quotes

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

It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.

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