Jerome Powell actually said...

We expect modest growth going forward, growth below the sort of longer run growth rate of the United States economy.

Powell discusses expectations for economic growth and inflation.

06/21/2023

More Jerome Powell Quotes

The conflict is causing tremendous hardship for the Ukrainian people.

We are not responsible for energy policy. That is a matter for Congress and the Administration.

To the extent inflation is going up faster than people's wages, it would potentially increase poverty.

What we are trying to do is limit future prices.