Jerome Powell actually said...

But, more generally, Senator, I think focusing on things that will make a longer-run difference to our economy is what I would do.

Powell suggests a long-term focus for economic improvement.

02/22/2021

More Jerome Powell Quotes

a matter of law

Trump's tariffs could present a potential conflict between its mandate to keep prices stable and promote full employment.

the Fed’s caution is Trump’s own tariff agenda, which is highly likely to generate at least a temporary rise in inflation.

Tariffs could lead to inflation, economic slowdown.