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

It will be one that has broad support among the community of intended beneficiaries, which was always the Fed's test and my test for what it...

I think climate change is a very important issue, and if you will allow me, I will start by saying that the nation's policy on climate chang...

The sense of it, though, is that we want inflation to average 2 percent over time, and the reason we want that is that we want inflation exp...

Our policy is accommodative because unemployment is high and the labor market is far from maximum employment.