Jerome Powell actually said...

Price stability is the responsibility of the Federal Reserve, and without it, the economy does not work for anyone.

Powell highlights the importance of price stability for economic functionality.

06/20/2023

More Jerome Powell Quotes

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

In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materi...

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

I think that's right