Jerome Powell actually said...

I expect inflation to move higher next year.

Powell predicts an increase in inflation due to strengthening labor markets.

11/27/2017

More Jerome Powell Quotes

We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.

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

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

I will say, though, it feels like we don’t need to be in a hurry.