Jerome Powell actually said...

It is not really a great strategy to wait until the 8th or 9th year of an expansion to get those benefits.

Critiques the delay in addressing labor market benefits until later in economic expansions.

02/23/2021

More Jerome Powell Quotes

I do think it would be important for us to have a workable legal framework around digital activities.

While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring something to ...

I don't think that a recession is inevitable.

It is certainly an important indicator.