Jerome Powell actually said...

these regulations [that have been imposed since the 2008 financial crisis] are new and we should be willing to adjust them as we learn.

Powell emphasizes the need for flexibility in financial regulations as they evolve.

04/13/2016

More Jerome Powell Quotes

highly likely to lead to at least a temporary rise in inflation

I do think with the arrival of the tariff inflation, further progress may be delayed.

It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.

I wouldn’t say we’re in a situation that’s remotely comparable to that is likely.