Jerome Powell actually said...

The idea that countries that borrow in their own currency can't get into trouble is just wrong. And the idea that debt does not matter is also wrong.

Jerome Powell emphasized the risks of modern monetary theory regarding national debt.

11/19/2019

More Jerome Powell Quotes

the Fed's understandably cautious stance also opens the door for the Committee to be late to the party

It’s a pretty good economy.

Progress is probably delayed for the time being.

Clearly some of it, a good part of it, is coming from tariffs.