Jerome Powell actually said...

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

Powell explains the relationship between inflation, wages, and poverty rates.

03/01/2022

More Jerome Powell Quotes

Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery.

This is the time to use the great fiscal power of the United States to do what we can to support the economy.

We find the U.S. economy to be in a very good place, performing well.

I think there are many questions that need to be answered around a digital currency for the United States.