Jerome Powell actually said...

The current economic downturn is the most severe in our lifetimes, and more fiscal support is likely to be needed.

Powell emphasizes the severity of the economic downturn and the need for fiscal support.

09/22/2020

More Jerome Powell Quotes

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

These are very fundamental policy changes.

Tariffs could lead to inflation, economic slowdown.

The level of the tariff increases announced so far is significantly larger than anticipated.