Jerome Powell actually said...

Our best expectation is there will be modest upward pressure on prices this year, but they won't be particularly large or persistent in the future.

Chair Powell discussed expectations regarding inflation pressures.

11/30/2021

More Jerome Powell Quotes

Unemployment is likely to go up as the economy slows.

Sometimes the surveys are very negative, but they keep spending.

While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persi...

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