Jerome Powell actually said...

We owe you, and the public in general, clear explanations of what we are doing and why we are doing it.

Chair Powell stresses the importance of transparency in monetary policy.

07/16/2018

More Jerome Powell Quotes

It’s not the Fed’s job to make or comment on tariff policy. ... That’s for elected people and it’s not for us to comment.

I can say no other federal regulator.

I think the standard case for free trade and all that logically still makes sense. It didn’t work that well when we have one very large coun...

With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry...