Jerome Powell: “I think we are experiencing a big uptick in inflation, bigger than…”

On the recordJuly 14, 2021

I think we are experiencing a big uptick in inflation, bigger than many expected, bigger than certainly I expected.

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Republican · District of Columbia

Source

Powell discusses unexpected inflation increases and the need for action.

More from Jerome Powell

Jul 25, 2025

I haven’t heard that.

Jul 1, 2025

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

Jul 1, 2025

I’m very focused on just doing my job.

Jul 6, 2025

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

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Jerome Powell: “I think we are experiencing a big uptick in inflation, bigger than many expected, bigger than certainly I expected.”