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

It would be inappropriate for us to comment on the policy of tariffs.

For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments t...

increases in tariffs this year are likely to push up prices and weigh on economic activity

We will get to a place where we cut rates.