Jerome Powell actually said...

I think it is very clear that some countries, and China in particular, have less open trading systems than we would like.

Powell acknowledges China's trade practices as less open than desired.

07/17/2018

More Jerome Powell Quotes

it feels like we don’t need to be in a hurry.

Our obligation is to keep longer-term inflation expectations well anchored.

At the Fed, we are squarely focused on achieving the dual-mandate goals Congress has given us of maximum employment and stable prices

While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected.