Jerome Powell actually said...

I do think that as this expansion has continued, we have started to see people at the lower end of the wage scale get the bulk of the benefits.

Powell acknowledges that economic growth benefits lower-income individuals.

11/13/2019

More Jerome Powell Quotes

I am strongly committed to that framework of transparency and accountability.

I do not see anything, no.

We do not have a lot of tools to address the income inequality.

I would say in a range--you know, the truth is that there are big uncertainty bands around these forecasts.